(03-17-2020, 01:43 PM)NilesMike Wrote: What I do when volatility is high, I go much farther out. Out to where the return is in the 1.5-2% return for the period. Particularly if it's something one doesn't really want.
High volatility allows you to choose between more premium or being farther away. You make the call. (Old IBM commercial-LOL)
I try to avoid writing options on junk period, but we all have a weak moment. Market volatility expands our choices enormously. I try to be cool under fire, but a port full of junk I don't want to own that is way down doesn't make it for good decisions later.