05-13-2022, 06:48 PM
(05-13-2022, 05:43 PM)mid range Wrote: I know fenders or one of the rest of you guys can save me the pain of trying this if it's a bad idea. Leaving a dollar spread between the puts. Would this work better with a 30 day expiration than a 7 day expiration for example? Thinking of trying this with lower volatility ETF's.
It CAN be profitable.
The wider your spread or even naked-gasp- the more successful you will be.
Lower volatility, lower priced underlying, shorter DTE and narrow spread will be quite limiting.
Think HIGH priced underlying, elevated volatility and 30-45 DTE. Why? To collect significantly higher premium and increasing your probability of success. I sell spreads on Indices only to avoid single name risk.
Timing, sell puts (spreads) on down moves, buy them back on up moves. As Fenders agrees now, don't be greedy. Just keep ringing the register.