Hi Community friends,
I have Sold 33300 PE yesterday at 97 when market was at 35330. I expected market to move up.
Today market opened at 36000 and VIX is at 2% higher but my premium didn’t fall.
I feel 2% hike in VIX for a move like 35330 to 36000 is not very important to consider, but my premiums are not falling.
Can someone explain the reason for this condition.
Thanks in advance.