01-04-2021, 09:35 PM
(01-04-2021, 08:09 PM)fenders53 Wrote: When I am looking to be conservative, I am usually selling options on a day when the premium is going up. Like you said John, you meant to do this last week when it was a better bet.
Actually last week when T was lower, the call premium is also lower. The puts would have been elevated. The play the was to just sell the put @ 28 for around .88 (now they are .60).
Sell puts when you think the stock is down, sell calls when you think stock has run a bit too far.
Like my KO trade last week, bought it back today for 50% return.