Lions. I have heard from several of you who are having a hard time finding options to SELL which are close to 20% OTM expiring within 2 weeks.
You can play this another way, actually there are many other ways to play these, but here is another way you might like.
If you remain bullish on a particular stock(s), or are choosing from stock pick list, CLICK HERE: https://traderschoice.net/about-traders-choice/ you could sell puts against it- as you all know by now, I am generally a NET SELLER of options when I trade.
SELLING PUTS IS A BULLISH PLAY. That is you do not expect that the price of the underlying asset will hit the strike price that you sold. As long as the underlying price of the asset does not hit your strike price, you are sitting pretty.
Sell puts which expire around or close to 30 days out between 25 and 30% OTM.
When selling options, you SELL TO OPEN.
If the trade goes against you, its BUY TO CLOSE.
Keep in mind that if the trade plays out correctly, you simply allow it to expire- no need to BUY TO CLOSE.
Play with these things, paper trade first.
Let me know how you make out
GM
The stock market has "sector rotation" where money flows from one sector to another every few days or weeks. It looks like crypto does the same thing except it's coin rotation. It seemed like all coins ran parallel with Bitcoin...NOW it seems like a number of coins are breaking away and making runs on their own whenever they choose. I'm glad for that too because now I don't have to wait for Bitcoin to trend before I actually get to trade my coins which normally trended with Bitcoin. Now I've got coins that trend when they please and that gives me trading opportunites.
I just happened to catch on CoinMarketCap.com one of my coins which I DON'T have on my exchange account, but are all on my cold wallet, trending hard. It rose over 75% in the last 7 days. Needless to say I bought more and it is still going higher.
No PDT rule. I'm happy. Hahahahahahaahahahahahahaaaaa! Eeeeeeeeeheheheheeeeeee!
I opened up my 3rd time positions with VISA now. Sep 24, 210 Put, 14 shs.