08-22-2019, 06:03 PM
(08-22-2019, 10:00 AM)crimsonghost747 Wrote:(08-21-2019, 01:58 AM)crimsonghost747 Wrote: sold some BAC puts with a strike of $26. I don't mind getting these assigned, though the plan is to see them expire worthless.
Decided to buy them back today. Not a massive gain but the time decay was only going to be a couple of dollars per day per option so I decided that it's not worth the risk.
That's the smart way to play it when income is the true goal. If you sell a put and get 75% of your possible premium in a week or so, that means there is a better opportunity out there. Sometimes that better opportunity is merely the same stock at a different strike and expiration date.