Best and easiest strategy for consistent profits?

schizo said:
I assume this is addressed to option sellers, since theta (time decay) works in their favor. But what should happen if the underlying stock trades far beyond the strike price? Would you still choose to hold until expiration? Only viable way to play this IMO is with IV crush.
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No, I mean it generally. not just for options selling.
An options trade has an implicit plan --> just watch its PnL chart (for example of a Call spread, the orange curve there).
Ie. you have to be comfortable with any of its possible outcomes, whatever happens. Then you can hold the stuff till expiration. My advice: just study the PnL chart, it's the key in understanding options trading, and the method I mean.

The basis is of course the strike table, like this one below. In it you have to search for lucrative trades for different multi-leg options strategies (like spreads, straddle, strangle, etc.)...:

https://finance.yahoo.com/quote/SAVE/options?p=SAVE&date=1705622400
SAVE-Calls-Jan-2024_on_2023-12-27-We.png
 
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No one in their right mind shorts gamma and closes their eyes


schizo said:
I assume this is addressed to option sellers, since theta (time decay) works in their favor. But what should happen if the underlying stock trades far beyond the strike price? Would you still choose to hold until expiration? Only viable way to play this IMO is with IV crush.
More...
 
Not going to lie..This block stings a bit more than the rest...
Going to take some time to get over it.......

On second thought,Im good..FOOK HIM!!!!!!!!!!!!!!!!!!!

ironchef said:
He really tried to help you and you put him on ignore? :vomit:
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