Very interesting questions, Steve. Here are my responses
1. Yes I prefer to sell weekly options on Mondays so that I can benefit from the 5 days of premium. Given how volatile this market has been, there are times when the premium is higher on Tue or even Wed.
2. I will sell options either in the morning or the afternoon depending on what the market is doing at that time. Due to the effect of 0DTE options volume, markets seem to reverse themselves between the morning and the afternoon. So sometimes I write the option in the morning and sometimes in the afternoon.
3. I like to sell PUTs when the stock is down (premium is higher) and sell CALLs when the stock is up (premium is higher).
4. For historical options data, I use TD Ameritrade's platform. Each option has its own ticker and I can plug that ticker in their charting tool to see the historical price.
Clear and concise. Many thanks!
A few questions, if I may:
1) Do you prefer to write your weekly options on Monday?
2) Do you prefer to write them in the morning?
3) Do you find it is best to write calls on "up" days, and puts on "down" days?
4) What is your preferred resource for researching historical option prices?
Thanks again!
Very interesting questions, Steve. Here are my responses
1. Yes I prefer to sell weekly options on Mondays so that I can benefit from the 5 days of premium. Given how volatile this market has been, there are times when the premium is higher on Tue or even Wed.
2. I will sell options either in the morning or the afternoon depending on what the market is doing at that time. Due to the effect of 0DTE options volume, markets seem to reverse themselves between the morning and the afternoon. So sometimes I write the option in the morning and sometimes in the afternoon.
3. I like to sell PUTs when the stock is down (premium is higher) and sell CALLs when the stock is up (premium is higher).
4. For historical options data, I use TD Ameritrade's platform. Each option has its own ticker and I can plug that ticker in their charting tool to see the historical price.
Cheers!
Love this overview. Thanks