#ShortPuts – My new style of scalping. Only doing this at obvious support levels. Doesn’t require watching all day….which I rarely do. 3 for 3 this week just selling slightly in the money on pullbacks close to the 50 day.
Bought to Close SPY Nov 10 2023 435.0 Puts @ .28 (sold yesterday afternoon @ 1.90)
This works better for me since it’s something I don’t mind holding and trading around if assigned. Eventually it’ll get too far above the 50 day so too risky or it’ll implode and I’ll need to manage by rolling or taking stock.