Posted by DigiNomad on 22nd of May 2024 at 11:08 am
Not all, but most professionals sell options, not buy them for
situations like we have today. They'll likely do fine on the sell
side although I feel like the immediate upside is 5% and the
downside is around 10% (confluence of MAs and anchored VWAPs). Just
another take among many you'll hear all day and have been hearing
all week. We'll see..
Not all, but most professionals
Nvdia tonight ....
Posted by DigiNomad on 22nd of May 2024 at 11:08 am
Not all, but most professionals sell options, not buy them for situations like we have today. They'll likely do fine on the sell side although I feel like the immediate upside is 5% and the downside is around 10% (confluence of MAs and anchored VWAPs). Just another take among many you'll hear all day and have been hearing all week. We'll see..
yeah wasn't referring to covered
Posted by matt on 22nd of May 2024 at 11:21 am
yeah wasn't referring to covered call sellers trying to get income (which when the option premium is high is a good strategy
was referring only to short-term option speculators
I wasn't referring to covered
Posted by DigiNomad on 22nd of May 2024 at 11:25 am
I wasn't referring to covered call selling either. More like selling naked call and puts and spreads on either side of the expected move.