Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

16
Do you suggest selling weekly or monthly cash secured puts in a bull market like now ?
Post Body

I started selling monthly CSPs 3 weeks ago. I used to pocket 50% on the premium within a week itself and either rolled or closed the positions.

Since, last week, I started selling weekly CSPs as I felt I can predict the price movement much better on a short term weekly expiration, selecting the strike based on support levels.

I sold a CSP ($112 premium for 1 contract) on $COIN at $46 yesterday after the dump and strong bounce, as I felt, it will not dip to $46 by this Friday.

I sold a CSP ($187 premium for 1 contract) on $AMD at $115 (current price $121), based on a short term support level, expiring next Friday (June 16).

I feel, I can come up with short term strike support levels on a daily price chart and hence felt weekly CSPs are better than selling monthly CSPs.

What do you suggest ?

Author
Account Strength
90%
Account Age
8 years
Verified Email
Yes
Verified Flair
No
Total Karma
872
Link Karma
453
Comment Karma
419
Profile updated: 6 days ago
Posts updated: 7 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago