Good question I don't know.. Every time I sell some stuff, I regret it because it continues to go up. But you're right it just takes 1 update to really fuck my day up. Currently I just slow drip cash out all my stuff when I want it
It's gonna be a back and fourth of gloating bers followed by dumb bols saying bers thought, then back to bers gloat.
But serious talk, let market chill and made your bet after 12. This will whipsaw a lot due to volatility. Personally, I think midday puts is the obvious choice, but if it's a quiet drip down, i might just play calls
So thankful for that weeks options to expire, finally get to see which direction we want to head in this data desert. So like when we reopen the government do we get all of the employment data, inflation data in a drip or a tsunami?
Sell far OTM weeklies and roll them up and out for a credit if you are going to get assigned. Stocks always correct or slow down eventually and theta always wins. You just can’t be greedy and sell too close to the money. Premiums are a slow drip of income that add up over time they’re not a big win kind of scenario.
I’ve been selling weekly CCs on RKLB and ASTS for a couple months and only been assigned once, but then the stock dipped below my exit point the next week so I actually profited over if I had just held shares and not sold calls even if the time of selling there was a missed upside (tax free account so there wasn’t any profits lost to tax).
If there are big catalysts and you think it’s going to rip, you can buy calls instead of selling them, but CCs are great for times like right now when IV is high and the stocks are crab walking sideways all week.
That's what I meant, if people want an $8 flavored latte or $4 drip, they'll go to a local shop with quality coffee instead of Starbucks for the same prices. Coffee and beer money are drying up in general tho.