You'll make money most of the time but sooner or later you'll get clobbered. An unexpected rise of 10% of the underlying would clean out a writer
That is true. That is why I personally prefer to mostly sell puts on stocks that I would like to own at a price below FMV.
LOL, McD's and BurgerKing have just introduced Starbucks clones on their menus at 40% the price as Starsucks. Like Bugs Bunny used to say "WHAT A MARROON"!!! RENNICK OUT
I hope you're not still holding those July calls. July 30.00 SQXGF.X bid 0.05 ask 0.10 I suggest you sell them now while they're still worth a nickel.
to the paper trader. Starbux is a ripoff, catering to metrosexuals and women who think that a $5 'lateeeee' is a big thrill. Scam gonna implode eventually.