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PARD is 6.87 Mar 15 call is .70 bid Not a recommendation, don't know a thing about it Just an example of what high IV does to price

7% is a great return for cash but that's the past and helps no one exploring what to do in the present

+1 +1

Women slap their faces?

Never sell naked puts to fund another position unless you are willing to own the stock or more stock inyour case. If the stock is range bound and you believe the range will hold, sell calls at the high end and your puts at the low end of the range. If you already own stock, I'd be...

I don't think that selling directional spreads during times of IV is anything special nor should it be your primary focus. If IV is high or low, the extra you pay is somewhat negated by the extra you receive. Direction should always be your primary concern. Getting volatilaty right might be...

Wow, lot of good info in this chain, except from you. Your like the ET court jester except your not funny.

I think fee per share/contract versus fee per trade has a lot to do with it. With per share/contract you can incrementally move in and out easier with no penalty.

It's not irrational. If your more comfortable that way then it's the right thing to do.

I think your missing the point of several posters. If the OP writes Out of money vertical for 50 ct credit on a $5 spread difference, it's going to be 5-10 or more pts out of money. The probability of making that 45 cts is very high and there will be a lot of room to adjust or close before the...

Not being subject to assignment is good but there's no extra gain to be had with a long vertical over the equivalant short vertical.

You execute 16 legs on different dates on different underlyings and you want someone to explain it to you??? LOLOL

Imp vol is quite elevated? It was double these levels 6 months ago and triple late last year. It's actually in the low end of its year range.

Do some reading about how volatility effects option prices. When the implied volatility of a stock is around .75 then 6 month calls that are $5 out of money will be at that price.

Variation of an old saying: Them that can, do. Them that can't sell newsletters

Hopefully the Options Fairy is alive and well and has moved on to saving other people's accounts from themselves :)

Being smart isn't a prerequisite for success. Understanding the vehicle you're trading is.

Not everyone can be an expert like you. He's not spamming, flaming, trolling. He's just asking basic questions and I assume he's trying to improve his understanding and ability. Give the poor guy a break, and the benefit of doubt.

Every bb has a pedantic pinhead poster who asks for info about obscure topics he searches for in books, white papers, etc.

What a load of steaming gebberish!