|Re: iwm,hal,uso,tna,fas jan puts sold in Dec all likely to expire worthless. fe...|
Check out the weekly FAS puts. They get published every Thursday. Writing the weekly will yield more money in the long run than writing them 2-3 months out, something to think about. The time decay doesn't start rapidly kicking in until about 3-4 weeks until expiration, but the weeklies tend to have a nice drop beginning Friday afternoon, the week before expiring. I try to write the weeklies on Friday morning (or Thur afternoon), usually by end of day Friday I'm up on the trade, and looking really good by Monday/Tuesday, assuming no huge move in the price of the underlying stock. Food for thought...
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| Reply to grdngkko - Msg #118 - 01/10/2012 10:50|
iwm,hal,uso,tna,fas jan puts sold in Dec all likely to expire worthless. feb puts also way down. waiting for mar options to write at low strikes on fas, tna,hal