03-30-2021, 01:32 PM
(03-30-2021, 01:00 PM)Otter Wrote: 83% of put options expire worthless.That is why I sell puts. It takes awhile to find your groove. I definitely feel left out when you guys are scoring thousands on a trade. I'm left grabbing fifties or maybe $300 if I am lucky on on a single option contract. The win % makes it worth it because I do it in volume spread out over too many stocks. and I am rarely worried I am going to get wrecked if the market turns on me for a week.
75% of call options expire worthless.
Selling these instruments in a way that mitigates risk (covered calls and cash-secured puts) can be very lucrative. I am a Theta Gang convert.
Learning when to get a little aggressive on the long side makes it even better. I'll get left in the dust when the spec stocks turn higher and I'm just selling puts.