Re: iwm,hal,uso,tna,fas jan puts sold in Dec all likely to expire worthless...
thx. i'll check out the weeklies!
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 Reply to Bender24 - Msg #120 - 01/10/2012 11:40
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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