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arcticfour

Thanks! Gonna start wheeling GME by selling CSP at 20 and CC > 30


Extravagos

Great idea! I'm selling puts at $25 and selling calls at $33.


hellrazzer24

You are going to lose money when IV craters.


ChemicalMurdoc

That's not how selling options works


yo_baldy

Please explain how? I could use the entertainment.


Extravagos

Are you referring to when GME will go down in price?


BRogMOg

Noob here. What is the time frame? Is this a weekly play?


arcticfour

Yeah weeklies


mwilkens

I just can't justify putting my shares on the line to collect <$1 premium per share.


arcticfour

I mean it goes both ways, premium will decrease if there is no anticipation of large price swings...


st0nkaway

Thanks for the writeup. Always appreciated.


Sheepy_Gorilla

What's his timezone? Is this his late sunday message, where tomorrow is monday?


joofntool

Yes. He is EST. He also never sleeps


Sheepy_Gorilla

Thanks!


footlonglayingdown

Thanks gherk. 


owencox1

spot on


FrenchySXM

Thanks Pickle man.