Piobaire
Not left of center?
- Joined
- Dec 5, 2006
- Messages
- 81,844
- Reaction score
- 63,406
Can't read WSB too much as it messes with your perception.
I've been playing CHWY for a few months now at $80 strike. I started selling CSPs at $80, got assigned, sold CCs with 80 strike, and this last week had the shares called away. I was thinking of reallocating the cash for those contracts then gave myself a reality check. I've been making a steady $100-200 a week off 8k capital per contract. The lowest weekly premium I've gotten was $99 so let's go an even 100 just for math. That's obviously 5.2k over a year. What idiot would not want a return of 5.2k off 8k in a year?
I've been playing CHWY for a few months now at $80 strike. I started selling CSPs at $80, got assigned, sold CCs with 80 strike, and this last week had the shares called away. I was thinking of reallocating the cash for those contracts then gave myself a reality check. I've been making a steady $100-200 a week off 8k capital per contract. The lowest weekly premium I've gotten was $99 so let's go an even 100 just for math. That's obviously 5.2k over a year. What idiot would not want a return of 5.2k off 8k in a year?