I regularly sell SPY covered calls; need to time well w/ cycles
to be consistently successful. Once correction has started premiums
drop and I dont find it worth time/risk for desired strike.
Your selling Vol w/ big tail risk if you have to cover during
unexpected runs/rebound. One bad trade wipes out many small
gains.
@pep8261 - can you give example of put spread you mention?
Thx.
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I regularly sell SPY covered
SPY reversion to mean systems and option protection strategies
Posted by mitchell on 2nd of Dec 2021 at 12:11 pm
I regularly sell SPY covered calls; need to time well w/ cycles to be consistently successful. Once correction has started premiums drop and I dont find it worth time/risk for desired strike. Your selling Vol w/ big tail risk if you have to cover during unexpected runs/rebound. One bad trade wipes out many small gains.
@pep8261 - can you give example of put spread you mention? Thx.