142 replies to this topic

[12SPX]

profit stop 3995, sell above

[12SPX]

And out for 5 points, sell a bit more above.....

[redfoliage2]

Just sold some ES Sept OTM calls ..................

Edited by redfoliage2, 22 July 2022 - 09:32 AM.

[12SPX]

Starting a short build at 4001!! 

[12SPX]

To far out for me, my numbers only go cycle to cycle

[redfoliage2]

To far out for me, my numbers only go cycle to cycle

Sure, they decay faster with nearer months, but I can always rotate after profit-taking ................ 

[12SPX]

If it goes down yes because that is still just like day trading, I've been doing this for 40 years so I've tried it all, cycle to cycle is best when you sell options! 

[12SPX]

Great example, I sold the August 4300 call at the start of the week for $8, today with the market up huge this week, its trading at $6.25 for a profit...

[12SPX]

Boom, profit stop 3995...

[12SPX]

And out for a 6 point profit.  Gotta go but will be selling higher, let you know how it goes!!