Posted by jtsurfah on 22nd of Dec 2021 at 04:45 pm
Sorry, missed this post. No, I typically go long by shorting
puts (sell puts to open). In this case, the volatility was in the
mid 30's overall and much higher for COIN, so I was able to go way
down the chain to get my target profit with lower risk. I
like to sell 15 to 20 delta puts with 45 days to expiration. When
vol explodes the 15 to 20 delta range is usually a lot further out
of the money.
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COIN - sold 150 strike
Posted by jtsurfah on 3rd of Dec 2021 at 03:39 pm
COIN - sold 150 strike puts for $180 (JAN Expiry)
TSLA - sold 400 strike puts for $150 (JANExpiry)
Nutty Market!
Nice !
Posted by fredsaid on 3rd of Dec 2021 at 03:40 pm
Nice !
Sorry, sold 150 strike puts
Posted by piclez on 4th of Dec 2021 at 08:26 pm
Sorry, sold 150 strike puts means you covered your short? Sorry for my ignorance. I was looking to buy some COIN calls in this area. Thanks.
Sorry, missed this post. No,
Posted by jtsurfah on 22nd of Dec 2021 at 04:45 pm
Sorry, missed this post. No, I typically go long by shorting puts (sell puts to open). In this case, the volatility was in the mid 30's overall and much higher for COIN, so I was able to go way down the chain to get my target profit with lower risk. I like to sell 15 to 20 delta puts with 45 days to expiration. When vol explodes the 15 to 20 delta range is usually a lot further out of the money.