WX
What time frames do you use for selling options ?
Near the money or way out?
Been toe tipping with these and would like your thoughts.
Depends on my plan. If I am looking to own the stock I sell an at the money put. The puts I sell in the S&P I do when the market is down at least 20 points. Then I look for the 16 delta put. I set the price I want to sell it for and wait. I did that Friday but we all know the market kept crashing. So I am down pretty big right now.
As for the time frame, at the money look for at least 30 DTE. The puts I sell in the S&P are the closest to expiration.