03-30-2021, 01:37 PM
(03-30-2021, 01:32 PM)fenders53 Wrote:(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.
Sell LEAP Puts on meme stonks with sky-high premiums.