so you are saying that i good way to set up what i want to do is instead of selling and buying with the same strike, the short should be at least a little higher then the long?
If you plan to roll i like the diagonal set up better. Will usually cost more in buying power to set up.
yeah man, never ever.. if price does breach your OTM strike (now ITM) use all your strength to push price back away so your strike ends up OTM again, works every time for me.
Yes. I generally try to sell more options than I buy -I'm a rubbish trader, by the way but after 20 years I'm still here
I respectfully disagree Windlesham1. I've seen you post trades, and great trade ideas etc since 1999 on a website forum that has long since disappeared (www.fool.co.uk), where yourself, me and maybe 2-3 others would discuss the quiet, backwaters world of UK options market. This was long before smart-phones, Robinhood, trading apps and the McDonald-isation of the options industry. This was in the days that, if you said to someone "I trade options" they had no clue what you were talking about. And the very concept of "trading" as we know it now was largely un-heard on in the general public. Ahhh.....good times.