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High IV Wheel Plays?

Posted on 4/15/21 at 6:15 pm
Posted by LSUStjames
Member since Dec 2005
3473 posts
Posted on 4/15/21 at 6:15 pm
I'm looking for some stocks that are worth holding with high IV for wheel plays under $50 / share and under $15 if possible.

I've been looking at MVIS, PLTR, AMC, and HPQ. HPQ has the best long term outlook in my opinion, has very low margin requirements, but the premiums are pretty crappy.

AMC and MVIS both have pretty good IV, so decent premiums, just not sure I want to hold those long term.

PLTR just seems like its going no where. This may be the best in terms of IV and Interest since its a Reddit / ARK favorite.

Any one else have anything better?
Posted by hombreman9
USA
Member since Feb 2009
3781 posts
Posted on 4/15/21 at 9:38 pm to
Sold some on YALA today. Thought I was a genius last week when I sold a couple of contracts on MVIS with a $12 strike for $2 45 days out while it was trading north of $15, but now II’m not so sure
Posted by LSUStjames
Member since Dec 2005
3473 posts
Posted on 4/16/21 at 7:47 am to
45 days is alot of time. Hopefully it pulls back before expiration and theta will help you out the closer you get. I've been ITM before on sold CC and still made a profit on buy back due to the stock trading sideways for a bit and lost all IV and theta.

I did the same on MSFT right before it's announcement, I sold 4 4/30 240C. OUCH! As of right now cheaper to get assigned. Hoping for theta to do some work along with a small pull back.
Posted by My2ndFavCivilNgineer
Member since Jun 2013
586 posts
Posted on 4/16/21 at 8:05 am to
i would check reddit thetagang

Tons of good info about wheeling and high IV stocks.

Basically they sell options to the guys on wall street bets
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 4/16/21 at 8:56 am to
MARA and RIOT

Tread carefully. These routinely move +/- 10%, but the IV is delicious
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