I typically go out 30 days to maximize on premium. I perfected a custom scan that I run that gives me the highest yields on very liquid stocks and ETF's. I basically have it down to a science.
I am curious though on what you are actually scanning? Are you just searching through a watchlist for the options with the highest premiums with expiry on a certain day?
I’ve often looked at the wheel strategy as a way to get in to options. It’s a tried and true strategy that when implemented just works. I’m looking forward to starting this with you. Can’t wait to learn it.
Hi Ed,
How far into the future do you sell the put options? 0 DTE? 1 week? 1 month?
What properties is your scanner searching on?
Peter
I typically go out 30 days to maximize on premium. I perfected a custom scan that I run that gives me the highest yields on very liquid stocks and ETF's. I basically have it down to a science.
I am curious though on what you are actually scanning? Are you just searching through a watchlist for the options with the highest premiums with expiry on a certain day?
I’ve often looked at the wheel strategy as a way to get in to options. It’s a tried and true strategy that when implemented just works. I’m looking forward to starting this with you. Can’t wait to learn it.
Yes it is a consistent low risk strategy...like switching roles from player to house
Well if you’re in, I’m in …
I have been using it as a regular part of my trading so yeah I'm in.
Excellent! Looking forward to the assistance of a new strategy….
You bet...Check out Monday's post and let me know what you think!
This sounds awesome, and great for learning. Are you starting on 7/1?
Yup first thing on Monday morning.