Replace expired covered calls for tmf. Choose short expiry with 20 delta. Balance between premiums and time decay. Will continue to sell covered call options to collect premium
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.33 4Lot(s) | -- Closed |
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New position in general is 30-50 days to expiry. Will usually select monthly options vs weekly. Delta 15-20.
For existing positions, depends on whether is it, covered call, strangle or straddle, which part itm and how itm. Different conditions different variables. And also near earnings or not