IMO ........ OTM options that expire within a week are much better to buy than the longer term OTM options. April 24 is too far out to be buying. PROS You are forced out of a losing trade quicker, no wasted time hoping for a rebound. Cheaper entry. No need to pay for time value that you don't use. Time is your enemy. Entire debit can be the risk. Better Risk/Reward ratio. CONS N/A
i dont know man. I feel like I need more time than anything. Id rather pay time decay then seeing an option I own bounce opposite or with Option expiration see some funky move before they expire to become worthless. At least if I have some time, I can sell before it bounces too much counter to me and still have it not be worth 0.
Relooking at old threads.....interesting ......pretty much saw AAPL top but should have just sold the stock instead of trying to time with options, until I saw other participants joining the short side. Well live and learn.