3309 Drysdale Ct
Edwardsville, IL 62025
Not sure if I should share this but I have been killing it
selling out of the money, short dated spreads to newbie Robinhood /
WallSt Bets options traders lately. Mostly put spreads. E.g.
CLOV short dated options have insane volume today and it doesn't
seem like the people on the other side have any idea what they are
doing. My "win rate" is tempting me to go bigger, but keeping
position sizes very small because it seems like it will have a bad
ending...eventually. For now it's like taking candy from
nice man! post some trade details so we can learn what you
are doing. Options are not my expertise so I like to learn
can you give an example if a trade you might have done
CLOV June 18, 13/12 put spread sold right before the close for
$48 per spread. $48 profit if CLOV above 13 at next Friday's
close. Break even at $12.52 (transaction costs not included). Total
risk is $48 per spread. The bid/ask spread was wider than I
like on this one, but it did fill near the midpoint (I adjusted
down 2 cents from .50 to get a fill).
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