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Yep, still going strong. Been great since March, even better now, with increasing volatility and higher premiums. I love my job.

High implied volatility. Because it generates high premium. E.g. my favorite right now is OXY. I've collected over 3 dollars in premium over the past 8 weeks. I sell fairly close to the money and collect 50, 60, 70 cents. Then when I have to adjust, I can come down 1 strike without losing...

Yes, I usually start slightly out of the money. Once it crosses the strike against me, the option value increases by delta, but it begins to exchange time value for intrinsic value. If I got 35 or 40 cents and I can hold on long enough to capture what I call two or three half-day theta segments...

61% - That includes each leg of each trade.

Kono, I do monitor throughout the day. That doesn't mean I'm glued to the terminal. Depending on the situation, how many positions will need adjustment before Friday expiration, how volatile the market is at the moment, etc, I might leave at intervals for an hour or even two. This works great...

If they go bankrupt, I lose $17,500, less $1300 in premium.

Update: With CSIQ up 10% today, I bought back the Apr 9 17.5 and sold the same strike two weeks out on Apr 24. Thirty five cent credit for a running net of 1.30, or $1300 on ten contracts. CSIQ is at 16.30, only 1.20 in the money, which seems close to the strike to me compared to recent...

CSIQ Trade Update: CSIQ got absolutely crushed last week, along with the rest of the market. It traded as low as 12. I had already rolled down from 21 to 18, which was going to expire this Friday, March 27. With the incredible rally today, I bought back the 18s, and sold April 9 17.5s, for a 5...

This is fast becoming a weekly update of my short put CSIQ position, which I began on Feb. 24 at a strike of 21. So after the worst week, more or less. in stock market history, and the bear officially arrived, this position might be instructive to some, especially in light of the many warnings...

One other problem, besides the gap up, is that you purchase at 830 and it then goes down from there. It will happen some significant percentage of times. So trying to avoid the downside by not owning the stock has limited applicability. It will work sometimes, of course. By trying to limit the...

Just when you think it's safe in the market for your option to expire worthless, Friday comes along and the underlying declines by 7%. So with less than an hour to go, and CSIQ slightly in the money, I rolled down from 20 to 19.5. (It's rebounded somewhat out of the money with a half hour to...

CSIQ dropped below 20 this morning. I bought back the 21 puts for 90 cents. I sold next Friday's 20 for 1.00. I had 70 cents on the original. So now I have net 80 cents ($800 on ten contracts). If that pans out, that's still about 4% return in two weeks. If I have to go down again, I will...

This selloff is yielding some juicy premiums indeed. Consider Bank of America, BAC, currently at 29.34. Next Friday's 29 put is paying 89 cents. That's 3% of the stock value, $890 on 10 contracts.

By buying it back. I usually sell something else to offset it. But if need be, I'll take a loss. If I get 50 cents on the initial sell and it moves against me, I might roll down with the same expiration. I'll lose around 30, maybe 35 cents of the original premium, but still have some profit...

I had a few stock positions but wasn't short any puts. I typically trade volatile stocks that can lose 20% almost routinely, so a 10% market drop isn't very significant to me. I just don't let the stock price get much more than one strike price away from the put strike.

I'm glad for the opportunity trade at cheaper prices. Monday morning, with the market down about a 1000 points, I sold CSIQ 21 puts expiring this Friday for 70 cents. That's about 3.5 percent of the stock price. Amazing. Could have bought it back this morning for 20 cents. I'm still in though.

Answered here: https://www.elitetrader.com/et/threads/when-selling-options-what-delta-expiration-date-do-you-like.336016/page-3

The option will not be assigned so long as the premium has time value. Because the option is worth more than the stock. This has been true for me over 4 years and hundreds of thousands of share contracts. When the time value of the option gets below a nickel, it's time to adjust, unless you...

Here is the essence of it - those who have ears let them hear: trade time value for intrinsic value, if your time frame is long enough, you will not lose. Just like the casino, just like the insurance company. If you want an edge, that is it.

How long did it take to move from 100 to 95 and what were you doing during that time? What if you adjust when the stock reaches 98.25, a strike and a half in the money? Roll to 98.5 with the same expiration, which still has substantial time value. You give up part of the original premium, but...