best length for selling a weekly option?

Most customers lose money because they take profit to early but they don't cut there losses...
Professionals let the winners run (add positions) and cut there losses..

 

I have to read again the older postings, b/c I was thinking you mean just the options.

 

Just an observation: the initial posting is much different from the title of the thread.
Also the title itself is misleading when it says "best length for selling a weekly option?"
Aeh... what?
It's frustrating to attempt to read & understand such badly worded postings.
Please add some more quality to your postings. Thx.

 

I am not sure. I am trying to learn as much as I can so I am not the 90%. I am learning different strategies also. What strategies do you use?

 

Yes, my error, I meant to say, best length for selling CCs.

 

I am a speculator, many said I am a gambler.

 

But are you successful?

 

Look for where the premium collected is greater than the probability of expiring itm

 

What formula or method do you use to compare them (ie. premium and pITM) to each other for making such a decision?

 

I have two formula's I use.

1. I like the annualized gain/prob. of expiring ITM > 1
2. probability of expiring OTM + annualized gain > 100%