Actually its a two day trade, from Thursday morning until it expires on Friday. Occasionally you can find a trade on Friday morning when the market opens, but its rare. Depending on the option you make from .05 to .15 per contract. But that is typically at least 1/2% over two days. As long as you stay within certain parameters, at least a 15% difference between price and strike price and also no earnings, along with about 3 other variables I use, you are seeing what the profit factor is over 210 trades.
Glad it is working for you, but INO recently dropped from about 10.50, to 8.50 in 1 day. You could have taken in that $150 in prem, and be down approx $4,500 if that had been at expiry. Very lopsided r/r, even on a short time frame, will eventually get you. Just sayin...
We will see I am at 210 trades, Lets see where I am at on 500 trades. I have been handicapping sports online for over 20 years successfully. So, I am well aware of variance and failing methods. And the R/R is not lopsided when you consider the annualized ROR. Its actually pretty good. We will see But the intent of this was to get ideas on better real time scanners.
If you buy a put and it expires ITM, you end up selling the shares not buying them. I think @TimtheEnchanter is talking about shorting the puts.
Only found two trades this morning 11/20 JKS Puts with a strike price of 45. Sold 10@.15 And EOLS PUTS 11/20 Strike 2.00 20x.10 I had a basket of stock stocks to look at this morning. JKS was the only one that fell under my guidelines and EOLS the return was so high relative to risk I added that one also
Hi Rick We have a delayed screener and a real-time scanner if you have Tradier Brokerage. I can help you get set up. We have online tools with many of the features you need but also you can do this with our data API and automate everything.
You may have dodged a bullet on EOLS, as a major decision on their botox product was due today but appears to have been delayed. Here are the links: https://www.politico.com/news/2020/11/18/jeaveau-botox-us-ban-437823 https://www.usitc.gov/secretary/fed_reg_notices/337/337_1145_notice11192020sgl.pdf