When selling options, I prefer selling ATM or slightly ITM options with 30-45 days of life. once and a while I will sell a OTM if the price seems right. Usually I wait for some kind of big swing etc.. news activity and sell at those points. Do you guys like to stay close or far from strike price?
Normally i sell where i would want to be short... I shorted calls on APPL yesterday at the 140 strike... <><><><><><><><><><><><><><><><><><> Feel that's a buy? Then sell... http://tradingthecow.blogspot.com <><><><><><><><><><><><><><><><><><>
i sell cash covered naked puts/covered calls on <$15 stocks i want to own. recently getting back into the options game with a small account doing flies + iron condor, it's just too addicting even though i dont have the time.