I dig this thread. I’ve been dabbling for a number of years and COVID has definitely accelerated the number of options trades I do. I’d say I’m much more of a gut feel and chartist than a true greek symbol quant. Primarily calls and covered calls, not as much on Put side.
today I’m long calls NVDA, CRWD, PYPL, CRM, DD, WFC. All expire before end of March. I’m short covered NVDA, QS, and CRWD.
one thing I’ve found annoying is unloading a call spread when close to expiration, especially when short call is OOTM. I feel like I’m not getting a good price for the whole distance of the spread. So lately my short call will expire one week before long call...makes it easier to sell.
Another thing, purely driven by greed, is I buy the call and wait a bit to sell the covered call in the vertical. My hope is equity goes up 1-2% and then I write. Of course downside risk is a bit more.
Trade idea I’m looking at: DKNG covered calls. I’m long stock, and looking one month out. $71 calls pay a great premium imho. Probably cause of the super bowl.