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Hey all,
So I've been messing about with tastyworks, trying different strategies and how they work before I put any of my own capital in.
I've decided I want to grow my small account at a small pace by selling vertical put spreads on SPY, I've heard that the best expiration dates are about 45 DTE. So, given that SPY on average only goes up (until it doesn't lol), would it be good to sell a lot of ATM/slightly OTM contracts and buy puts a little further away? Since the closer to the money a put/call is the more premium you get.
I've also heard people using bollinger bands to try and sell vertical put spreads, I'm trying hard to find the best place to sell and buy the puts. Though I might be asking an unanswerable question since SPY is always moving. Anyway,
Thanks!
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