Hi Edward, have been quietly following your options trades. Just wondering how you’d manage this trade when it goes down and you might get the stock at the strike minus premium? Would you sell covered calls to lower the price more or sell a lower put if the analysis still points towards upward price movement?
Many thanks Edward, sounds like a sound plan. As an old options Market Maker that has been out of the options market for a bit, very logical.
Hi Edward, have been quietly following your options trades. Just wondering how you’d manage this trade when it goes down and you might get the stock at the strike minus premium? Would you sell covered calls to lower the price more or sell a lower put if the analysis still points towards upward price movement?
Hello Max. When I get assigned I start to sell covered calls and generate income until the stock gets called away. This link describes the strategy in greater detail with an image of how it works. https://optionsoracle.substack.com/p/my-personal-options-trading-strategies