Not seeing this move having legs or just not wanting to hold over the holiday?Sold SPY, IWM, and META nice gains on all three, still holding IBIT
Caught a nice move on all three so just taking profit, will reload on consolidation. We have rallied to a logical point, I'd be impressed if we just blast passed it but I don't think that is the most likely scenario. If we are in a frustrate both sides range then I want to just take the quick flips. Bulls win this fight going into month end we are going to 7000-7200Not seeing this move having legs or just not wanting to hold over the holiday?
Start off selling monthlies around 20% below current strike. I'm currently doing this on tsla ibit and sofi. Do it on a red day with some decent iv for decent premiums. Close em out at 50 to 80% profit.I considered selling puts on IBIT this morning when it was in the mid 49ish range. Wasn't opposed to owning some if it dumped, and thought it would be a good chance to dip my toes in the selling put pool. I've sold covered calls a few times, but never puts. Wouldn't have been a huge play, but figured I would get started in that aspect of the market.
Of course, if you finished this post, you can probably guess I didn't.