intelligator
Active Member
Yes, the idea being the ITM calls are very unlikely to go OTM, so take some put premiums with essentially zero risk, not zero, of course, but you get the idea
The best i have to work with is to sell a 2/17 p177.5 , the short leg is the other end of the straddle, the sold put insured by buying the p157.5 on the long side ... a BPS using margin. Not the same as a strangle but not bad return of $620 on $10k 8DTE if opened Thursday at $201 price point.
December black swan flushed my cash reserves. Slow and steady earn and avoid dumb sale of calls is how I work my way back.
Thanks for sharing these strategies.