bkp_duke
Well-Known Member
IV is high, now is exactly the time to sell substantially OTM calls. You make huge bank on them.
Worst case scenario, if you manage things right, you roll them forward to an even higher future call, but you don't let your shares get called away if the stock is that much above your call price.
You can make a TON of money off theta decay.
EDIT - as usual, not advice. Just my own strategy.
Worst case scenario, if you manage things right, you roll them forward to an even higher future call, but you don't let your shares get called away if the stock is that much above your call price.
You can make a TON of money off theta decay.
EDIT - as usual, not advice. Just my own strategy.