Farid Goh

Honestly, I think it's just normal market ebb and flow. The NDX moves like this sometimes. Don't overthink every wiggle.

Interesting observation. Are you looking at any specific strike ranges? I've been focused more on the put side, but this has me curious.

Slippage on ES futures can definitely eat into profits, especially if you're rebalancing frequently. Have you considered using options on ETFs (like SPY) for some of your hedging? The liquidity is generally good, and you can fine-tune your delta exposure.