Conservative option strategies, what did you buy or sell today?

[fenders53]

(03-23-2020, 11:21 AM)john Wrote: Thanks Fender, this is my 1st covered call sell. Fairly new to options..
Have a question on Call options, OZK 5/15  22.50 strike, bid is .30 ask is .60 Last trade is 1.69
Why is the last trade higher then the ask?
Thanks, John

That last trade may have happened last week on thinly traded options.  If you are selling enter a trade near the ask, then walk it down.  When you get to the price you think you need, don't be afraid to walk away and let the order sit there.   We never know what market makers are up to.  They play games.  Sometimes they will jump up and grab your order if you are a little patient.


Try to stay near-term on these options or you are going to learn a hard lesson.  No chance in hell I am selling a call mid May when the market is down this hard.  Things change fast from a multi-year market high or low.