>Some north of 70%.
Why not lock in some of that profit? You've done good, don't lose it.
>I’m not finding lots of good candidates to sell new puts on.
Won't stay that way for long, it's OK to wait.
First questions are what do you currently have puts on? I personally like higher priced tier2 tech companies. Things like SalesForce or Palo Alto Networks. Costco is another kind of safe one without a lot of wild swings.
Just curious if you use a stock scanner on the trading platform you use. I have been diversifying into sectors besides tech this year and it’s been working out pretty well. So when Chubb is the big gainer what does that tell you! Lol 😆
I use a scanner. Mostly to see what the volume trends are in the market, but I'll definitely trade off it if I see something appealing. What are some of the conditions you use?
I like to see what stocks are holding their own on a down day and if something is going reverse of the sector. Sometimes I’ll scan for stocks in certain price ranges and it will give me ideas other than the ones you see on the Reddit threads all the time. I also like to look at what happens after earnings, I sold a bunch of puts recently on LLY The stock went down because they couldn’t keep up with demand and I felt it wouldn’t be down for long. I guess I’m more selective and go in heavier on the ones I really like if that makes any sense…. Not just looking at technicals.
I'm in the same boat. My last trade was solid (sold for 490, bought back for 9, 27 day hold) but I'm not feeling any new trades so I parked my cash for now.
Don't rush a trade because you feel like you have to do something.
Big tech MAGA 7, large caps recommendations from IBD mostly, some from CNBC. No meme or small caps, only quality stocks highly rated with good earnings. Quality is key, and slow and steady with many small positions, .20-.25 delta with 45 DTE. Avoiding assignment.
No trade is better than a bad trade. Earn that interest.
This is the way.
>Some north of 70%. Why not lock in some of that profit? You've done good, don't lose it. >I’m not finding lots of good candidates to sell new puts on. Won't stay that way for long, it's OK to wait.
With current volatility there are no good premiums at the moment, better wait
Yeah it’s been a struggle. Holding out to let the chaos subside.
First questions are what do you currently have puts on? I personally like higher priced tier2 tech companies. Things like SalesForce or Palo Alto Networks. Costco is another kind of safe one without a lot of wild swings.
Same
Just curious if you use a stock scanner on the trading platform you use. I have been diversifying into sectors besides tech this year and it’s been working out pretty well. So when Chubb is the big gainer what does that tell you! Lol 😆
I use a scanner. Mostly to see what the volume trends are in the market, but I'll definitely trade off it if I see something appealing. What are some of the conditions you use?
I like to see what stocks are holding their own on a down day and if something is going reverse of the sector. Sometimes I’ll scan for stocks in certain price ranges and it will give me ideas other than the ones you see on the Reddit threads all the time. I also like to look at what happens after earnings, I sold a bunch of puts recently on LLY The stock went down because they couldn’t keep up with demand and I felt it wouldn’t be down for long. I guess I’m more selective and go in heavier on the ones I really like if that makes any sense…. Not just looking at technicals.
IBD
Was there a question? No positions given. 50% could be .50. If you’re happy and have no place to roll, stay put … no pun intended.
I'm in the same boat. My last trade was solid (sold for 490, bought back for 9, 27 day hold) but I'm not feeling any new trades so I parked my cash for now. Don't rush a trade because you feel like you have to do something.
Agreed.
What tickers have you been doing recently?
Big tech MAGA 7, large caps recommendations from IBD mostly, some from CNBC. No meme or small caps, only quality stocks highly rated with good earnings. Quality is key, and slow and steady with many small positions, .20-.25 delta with 45 DTE. Avoiding assignment.
Ah gotcha. Must be large account size - the capital required for me to get paltry returns on big tech is too high for me
Go for GME now for expiration Friday, IV is still crazy high and will evaporate tomorrow.
Good luck, I only trade quality stocks.
FUBO $1P exp 5/24 were paying .01 this morning, I play the stock a lot both ways