Update (12/31/2022):
It seems that new users have trouble registering for the forum. The confirmation email never shows up. I’ve decided to phase out this forum and transition over to a new forum plugin. The new location is here:
https://earlyretirementnow.com/forum-3/
Policies – please read!
- Everyone can read posts, but to start a new topic or add a reply you’d need to register. To create an ID, please verify your email address. You will get a link at that email address and you can then pick a password.
- Be courteous to others. Treat others like you like to be treated. Discuss the issues. No ad-hominem attacks!
- It’s OK to include external links if they are relevant. But please avoid spamming! Please no affiliate links.
- Before starting a new topic, please check if that question/topic has been discussed before already and add to that discussion instead of starting a new topic.
- If you’ve written a cool blog post that you want to share with others please post this in the “Self-Promo” category only!
- Please read the usual Disclaimers and the Privacy Policy!
- The forum policies may be amended in the future!
My strikes are 3080, 3160, and 3170.
A bit greedier than Karsten's. *gulp*
9/11 expiration. Sold SPX 15 minutes before close with 3205 strike for $1.40 (underlying at ~3410).
9/14 roll (9/16 expire)
Thinking about 3210 strike (3392 underlying) at 3 delta for $1.10.
I like current day expiration being safe, but always hate taking extra 0.5 day risk.
Going on vacation tomorrow, so sold between 3000-3060 for 9/16 and will do a couple for 9/18 later today. Don't want to really think about it during that time
@jkoptions18 not sure how much you generate selling that far OOM, but sleeping well is key!
I sold at 3220 strike (underlying at 3388) with 3 delta for 1.15. Normally want 1.30 for 2 days, but taking less risk due to big up day today.
@navypack I would usually sell at about 3200-3250 also, but sleeping well on vacation is what I was going for!
My strikes for 9/16 expiration: between 3170 and 3190
- @earlyretirementnowcom on a big up day like today with safe expirations, my guess is you sell earlier and deeper out of money.
@navypack Correct. I sold throughout the day because the 9/14 expiration puts seemed ultra-safe. And I generated only about 90% of the target revenue, just to be on the safe side.
Mine were 3195. Hopefully that means I'm learning and not getting too greedy.