What's your opinion regarding selling weekly options? Do you use them more than monthly options? Do weeklies offer any advantage over monthly options (eg tighter spreads)?
If you are good at trading and can deal with the gamma stress, do the weeklies. higher turnover is better if you have +ve expectancy
If you sold 4 weeklies and all were profitable you'd make more than 1 monthly (in the same stock). However, the weeklies have a higher chance of moving below your put or above your call since for a reasonable profit, you are closer to ATM points in the stock... Depends on the volatility of the stock also
I frequently do. Short some Monday SPY puts expiring tomorrow...pretty far OTM though. I sell more weeklies than monthly simply because I often short both the weeklies and monthlies for the same underlying. The monthly options always have tighter spreads than the weekly. Main advantage of the weeklies is the fastest theta decay. If I think price will stay close to where it is now, I'll sell weeklies. If I'm less certain and want a partial hedge -- if I'm long the underlying, I'll sell weeklies and monthlies against the underlying If you want to sell the same strike ATM, you'll probably collect more selling the monthly unless the underlying stays close to the target strike. Example, XYZ underlying trading 50. Trader A sells next month 50 put. Trader B sells next week 50 put. XYZ trades closes first week at 52, second week at 53, third and fourth week at 53.5. Trader B won't be collecting much premium on the later weeks if he's still selling the 50 put. Trader A would have collected more premium in that case.