Certain stocks show a bullish momentum leading into earnings. You buy the options before earnings they build in oval helps offset some of the theta decay and you sell the day before earrings so you are not hurt by the vol crush
I don’t short naked calls mine are always covered. If you were going too, you would need to have some type of stop loss %. But honestly it’s just a bad idea to do it on any type of company (GME). You would be better off doing it on indexes.
I can trade GME on ETrade but On TradeStation they restricted it, The only safe way to trade it is with a spread and they won't let you do that, so dumb.
Its difficult to answer because the IV some equity options increase more than others, it can also depend on what level the VIX at the start of your trade and at the end of your trade
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