hershey101
Active Member
$3500 calls for next week traded as high as $18 this morning... Hopefully you folks sold some... That's a free $1,800.
In general, if you want to sell around a major news event (eg earnings) best time is wed. 1 hr before close when IV is at it's max... Maybe do it a bit earlier in the day to get a tradeoff between high IV and potential EOD sell-off as people look to get out and book profits before earnings.
In any case, I won't be surprised to see those $3500c for next week trade $20+ in the coming days... That's literally free money! Take it.
In general, if you want to sell around a major news event (eg earnings) best time is wed. 1 hr before close when IV is at it's max... Maybe do it a bit earlier in the day to get a tradeoff between high IV and potential EOD sell-off as people look to get out and book profits before earnings.
In any case, I won't be surprised to see those $3500c for next week trade $20+ in the coming days... That's literally free money! Take it.