Recent content by daninemonic

I don't necessarily think that this is the way to look at it: 1. When you use 30 to 50 days, the option will be so far from the current price that you don't care about after hour spikes or day to day moves. Depending on the conditions, I may be 5% to 10% out. In my case, I like to use the RSI...

Yes, and I don't use a stop loss. I monitor the positions daily. My comment about a different strategy was in relation to this comment from the first post "I am trading sometimes weeklys, 3-2-1-0 days before expiration on 5 or 20 minute periodicity. " since I don't use short term options. I...

I agree that you shouldn't buy a contract that requires oil to get to $80 for you to win. You don't want to bet that the oil will get to $80. You can do many things. Examples: - Buy USO stock. If oil goes from ~45 to ~80, USO should double. Then you can sell short term covered calls to reduce...

I trade credit spreads but I use a different strategy. You can find many useful videos in tastytrade.com about strategies for selling premium. Take a look as it will help you see what other people are doing. In short, the most typical strategy is to sell credit with 30 to 50 days to expiration...