Jeff 12:10 pm on Tuesday, January 16, 2018
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold $SPX Jan 24th 2775/2750 puts for 6.70. If this one looks to be in trouble tomorrow (one week from expiration), I will roll it.

Cancelation of the upside warning does not necessarily mean that the bull run is finished. But it may mean a slowing of the momentum. I will look to try some call spread sales on the next up day.

whitemare 12:40 pm on Tuesday, January 16, 2018

Are puts more profitable to roll than calls because there is more volatility when you have to roll them? Or just their nature? It seems not as likely to get in trouble when having to roll puts.
- Jeff 12:42 pm on Tuesday, January 16, 2018
  
  It is a complex question… if you’re talking about spreads, call spreads are easier to roll than puts, due to the vertical skew of option prices. If you’re talking about naked short options, then puts may be easier, or may be the same as calls. In any case, with spreads, you want to roll with at least a week remaining before expiration. If you get closer to expiry, it becomes more difficult.
hcgdavis 12:44 pm on Tuesday, January 16, 2018

The great 13 SPX drop of 2018!