Are there advantages to selling calls at several strike prices?

[spy]

I will do all the math problems, but I'm not usually on the other side of assignment of math homework.

Not sure what level or kind of maths you teach but, good luck anyway!

 

[newwurldmn]

I was a huge fan of rush back in high school (even though their prime was like 2 decades before that).

Bobby Hull?
JK
Do you like Rush?
"If you choose not to decide, you still have made a choice"
I will do all the math problems, but I'm not usually on the other side of assignment of math homework.
Thanks.

 

[destriero]

RIP Neil.

 

[TheDawn]

Take it easy everybody!
If you care to know what I did (in terms of XOM) ...
Today I sold 5 x 123C with a March 10 expiration date.
XOM 03/10/2023 123.00 C
I'm still holding the 5 put contracts expiring this Friday
XOM 02/03/2023 111.00 P

When JP farts tomorrow maybe the markets go down, take XOM with it, and I sell my PUTS. (And make some money)

I will eventually learn more options strategies, nomenclature, etc. But for now I'm doing the best that I can, to do what I think is best.

Yes I agree. You are doing really well.

What books should I read?

For me, Investopedia. This site has everything you need to know about options. Don't be too hung up about the terms that you hear some people throw out like "vol", "skew" and etc., these are terms that are nice to know in the context of what they are speaking if they care to explain them but if they don't, don't worry about them. Everything you need to know to trade options profitably alone or with the underlying is on that site. And then just practice trading options which you are already doing. There is only so much you can read about options. In options trading especially, I find a lot is in the executions.

 

[destriero]

Read infinite gamma, by MsDawn of Troy. In it you'll find various Cauchy distributions printed upside down.

 

[MathTeacher]

Yes I agree. You are doing really well.



For me, Investopedia. This site has everything you need to know about options. Don't be too hung up about the terms that you hear some people throw out like "vol", "skew" and etc., these are terms that are nice to know in the context of what they are speaking if they care to explain them but if they don't, don't worry about them. Everything you need to know to trade options profitably alone or with the underlying is on that site. And then just practice trading options which you are already doing. There is only so much you can read about options. In options trading especially, I find a lot is in the executions.

Thanks.

 

[Cabin111]

Well...Did you close those puts??

Inquiring minds what to know...

 

[destriero]

Don’t trade CCs…

 

[MathTeacher]

Well...Did you close those puts??

Inquiring minds what to know...

Yes today. But I should have waited a bit longer.
Maybe I should have waited until tomorrow.

 

[MathTeacher]

Yes today. But I should have waited a bit longer.
Maybe I should have waited until tomorrow.

They are in the money now. Who knows what tomorrow will bring.
I do teach all day M-F so I do not have the ability to monitor the stock market all day.