Posted by DigiNomad on 1st of Feb 2023 at 03:39 pm
watcdy - yep, you're right. I was thinking Feb and typed March.
But now that you mention it, I love the idea of selling March
4375 here. That is above all reasonable targets for the next 45
days and would be easy to defend if it got challenged.
Posted by DigiNomad on 1st of Feb 2023 at 03:50 pm
Yes, spreads. I typically go for 100 points wide for around a
$1000 dollar credit. Typical return on capital is 10 to 14%
with a greater than 82% probability of profit. *Can
lose 10K if you're wrong and don't defend the position (roll). I
defend when touched or a 200% loss, whichever happens
first.
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Digi- am I looking at
SPX 60
Posted by watcdy on 1st of Feb 2023 at 03:23 pm
Digi- am I looking at it correctly the watch 4300 Calls currently have Delta of 22
watcdy - yep, you're right.
Posted by DigiNomad on 1st of Feb 2023 at 03:39 pm
watcdy - yep, you're right. I was thinking Feb and typed March. But now that you mention it, I love the idea of selling March 4375 here. That is above all reasonable targets for the next 45 days and would be easy to defend if it got challenged.
You’re not considering naked calls
Posted by watcdy on 1st of Feb 2023 at 03:45 pm
You’re not considering naked calls - a spread right?
Yes, spreads. I typically go
Posted by DigiNomad on 1st of Feb 2023 at 03:50 pm
Yes, spreads. I typically go for 100 points wide for around a $1000 dollar credit. Typical return on capital is 10 to 14% with a greater than 82% probability of profit. *Can lose 10K if you're wrong and don't defend the position (roll). I defend when touched or a 200% loss, whichever happens first.