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Here are my strats:
1. Sell calls at .08 to .2 deltas if a stock has been flat or chopping down
2. Sell calls at .4 or even ITM if a stock has been running up hard
3. Sell puts at .2 to .4 if there’s a sell off; I don’t bother with selling puts when a stock has been on an upswing
4. If you are doing weeklies, sell in the morning and buy early afternoon
5. Close out weeklies with above 50% profit if you are within 5% of strike price
6. Look Open Interest on Cs/Ps on monthly expiration dates and use that to determine whether you should sell contracts or hold off.
Since I play stocks I’m bullish on I take very little risk on short call side, and I do weeklies only (typically) and pick overall up/down days to open/close/roll, etc.
Yes. Sell on fundamental/ safe companies very otm
Coach
Sell calls 9-16 days out at 30 delta on all long stock holdings.
I do the same with long diagonals. Long 75-150 days at 60 delta, shorts at 30 delta also at 9-16 days.
I also sell bull put spreads and bear call spreads on RUT & SPX. Purely a technicals trade, sell bear after a roll-over and the bull after a roll up at a support level. I sell the short at 15 or -15 delta. These are sold at 22-45 days and closed at 50% of potential profit, or at closing cost of $3.50 if it goes against me. Typically sell for $1.15 to $1.60 at $10 wide.
Coach
I don't time anything. I set my targets and let the algos work. If I can get double the credit for less than double the time I roll as an easy common example when the market is down less than .3% on the day or .75% over 3 days. If moving faster I'll take less. When I'm uncertain I may take cash up to 15%. Otherwise it's invested. I have bear diagonals on the worst performers or based on my thesis.
So bullish on most tickers, bearish on China Financials, TLT and PTON.