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re: Day Trading Options
Posted on 12/16/20 at 5:36 am to facelessman07
Posted on 12/16/20 at 5:36 am to facelessman07
I sell the put options at strikes where I would want to buy the stock.
It a useful way to enter a position sometimes.
Most options expire worthless.
I try to generate at least 10% premium on these.
On the calls, I sell at strikes where I would sell the stock.
Most expire worthless.
Rinse and repeat.
It’s not foolproof. I’ve sold some puts with a strike of 50 where the stock plummeted and I had to pay 50 for a stock trading at 25.
I’ve also had some stocks called away at strikes of say 50 when the stock was trading at 100.
All in all, it’s been a good way to generate some income in my retirement accounts.
It a useful way to enter a position sometimes.
Most options expire worthless.
I try to generate at least 10% premium on these.
On the calls, I sell at strikes where I would sell the stock.
Most expire worthless.
Rinse and repeat.
It’s not foolproof. I’ve sold some puts with a strike of 50 where the stock plummeted and I had to pay 50 for a stock trading at 25.
I’ve also had some stocks called away at strikes of say 50 when the stock was trading at 100.
All in all, it’s been a good way to generate some income in my retirement accounts.
1
Posted on 12/16/20 at 6:58 am to makersmark1
I know someone that was selling covered calls during the downturn in 1QTR20 and the stock price went down and the calls went up. 
We had crazy volatility and it was that wacked out.
Lately I've been using options as part of a hedge position. I'm expecting a pullback soon and so now looking at selling covered calls and buying puts.
We had crazy volatility and it was that wacked out. Lately I've been using options as part of a hedge position. I'm expecting a pullback soon and so now looking at selling covered calls and buying puts.
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