walter6871 4:40 pm on Monday, November 28, 2022
Tags: OnlySpreads ( 521 ), ShortPuts ( 4,763 )

#shortputs SOXL Sto 2 DEC…

#shortputs
SOXL
Sto 2 DEC 2022 10.5 PUT @.15
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#onlyspreads
SPY
STO 2 DEC 2022 383/379 PUT @.24

Option Iceman 6:08 pm on Monday, November 28, 2022

I’ll look at those SOXL puts tomorrow
MikeL 5:31 am on Tuesday, November 29, 2022

Sorry, I have to ask, what is the logic behind taking on a risk for $15 per PUT?
I understand that it is a very high annualized return, but amount is so small.
Is it because of the very low perceived risk?
Just trying to understand.
Thank you.
- walter6871 6:48 am on Tuesday, November 29, 2022
  
  MikeL
  no problem….
  
  #1 I am long shares and if i take assignment will lower average cost.
  #2 every little bit helps and adds to monthly bottom line and yes low risk.
  #3 Usually can roll for credit /see #2
  #4 it was a down day if up day come will sell calls.