ATM vs OTM

[noob_trad3r]

When selling options, I prefer selling ATM or slightly ITM options with 30-45 days of life. once and a while I will sell a OTM if the price seems right.

Usually I wait for some kind of big swing etc.. news activity and sell at those points.

Do you guys like to stay close or far from strike price?

 

[traderlux]

can you fill in a few more details?....are you doing spreads?.... what underlies are you using?....

Quote from noob_trad3r:

When selling options, I prefer selling ATM or slightly ITM options with 30-45 days of life. once and a while I will sell a OTM if the price seems right.

Usually I wait for some kind of big swing etc.. news activity and sell at those points.

Do you guys like to stay close or far from strike price?

 

[steoli]

Normally i sell where i would want to be short...

I shorted calls on APPL yesterday at the 140 strike...



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Feel that's a buy? Then sell...
http://tradingthecow.blogspot.com
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[atticus]

I will sell a straddle on a rare occasion. I never sell singles, always combinations.

 

[newguy05]

i sell cash covered naked puts/covered calls on <$15 stocks i want to own.

recently getting back into the options game with a small account doing flies + iron condor, it's just too addicting even though i dont have the time.