How to pick strike prices for options?

Picking strike price that's aligned with your strategy is a critical component of one's options trading. When selecting a strike price, it is important to consider the current market conditions, the underlying asset's price movement, and your investment objectives. ---------------------- How do you pick strike prices? What tips or strategies do you use? Have you made any mistakes or learned any lessons from it? What were your most successful and unsuccessful experiences in picking strike prices?

avatarDailyOptions999
04-17 17:13

🎯 IBM Options Strategy: Bull Call Spread

Hello everyone! Today i want to share some option strategies with you! 🎯 $IBM(IBM)$ Options Strategy: Bull Call Spread - Underlying: IBM - View: Cautiously optimistic, expecting a continuation of the recent bullish momentum towards the $260-$265 zone, but aware of overbought RSI and major resistance at $304.72. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 IBM May 15, 2026 $255.00 Call - Sell 1 IBM May 15, 2026 $265.00 Call - Max Gain & Loss: - Max Gain: Limited to ($265 - $255) - Net Debit Paid = $10 - Net Debit - Max Loss: Limited to the Net Debit Paid. - Initial Cost/Credit: Net Debit. (Estimated ~$5.70 based on mid-prices: Buy $255 Call @ ~$0.57, Sell $265 Call @ ~$0.09 → Debit ~$0.
🎯 IBM Options Strategy: Bull Call Spread
avatarDailyOptions999
04-17 17:09

🎯 CSCO Options Strategy: Bull Call Spread

🎯 $Cisco(CSCO)$ Options Strategy: Bull Call Spread - Underlying: CSCO - View: Bullish Breakout - Stock broke resistance, momentum is positive, targeting $88.19 (52-week high). RSI is not overbought, suggesting room for further upside. - Strategy Type: Directional Bullish / Debit Spread - Option Contract Portfolio: - Buy 1 CSCO 19 Jun 2026 $85.00 Call - Sell 1 CSCO 19 Jun 2026 $90.00 Call - Max Gain & Loss: Max Gain = $500 per spread (Width of strikes - Net Debit). Max Loss = Net Debit Paid. - Initial Cost/Credit: Debit of ~$0.50 (Simulated from chain: Buy $85 Call @ $1.14, Sell $90 Call @ $0.64). Follow me to learn more about analysis!!
🎯 CSCO Options Strategy: Bull Call Spread
avatarDailyOptions999
04-17 17:15

🎯 ROKU Options Strategy: Bull Call Spread

🎯 $Roku Inc(ROKU)$ Options Strategy: Bull Call Spread - Underlying: ROKU - View: Bullish but extended, expecting a test of resistance and potential breakout to new highs. - Strategy Type: Debit Spread / Directional - Option Contract Portfolio: - Buy 1 ROKU Call (Expiry: 2026-04-24, Strike: $115) - Sell 1 ROKU Call (Expiry: 2026-04-24, Strike: $120) - Max Gain & Loss: Max Gain = $5.00 - Net Debit; Max Loss = Net Debit. - Initial Cost/Credit: Debit of ~$2.00 (Based on simulated mid-prices: Buy $115 Call @ $2.05, Sell $120 Call @ $0.80). Follow me to learn more about analysis!!
🎯 ROKU Options Strategy: Bull Call Spread
avatarvodkalime
2025-10-06

🎯 Options Trading Strategy: Understanding Deltas (Δ) - A Trader’s Playbook 🚀💰

I learned about Options Trading 20 years ago after trading 2 to 3 years on stocks. Then Options is not popular here and warrants also has limited market. The influx of brokers had introduced Options as alternative derivative over stocks. I have relearn Options and sharing my strategy how I use Δ to get my options result. No worries, I am not going to challenge the Nobel Prize Winning Formula on Decaying Price on Expiring Options but demystify Options Δ without the jargon overload. [Cool]   ⚠️ Disclaimer This article is for educational purposes only. I'm not your financial advisor — just a battle-tested ordinary folk who has blown enough accounts to learn risk managment the hard way and respect Delta's mood swings. Always consult licensed professionals before trading liv
🎯 Options Trading Strategy: Understanding Deltas (Δ) - A Trader’s Playbook 🚀💰