I don't do many spreads lately but agree with Mike. You can't stack the odds too far in your favor or the weak premiums will make it not worth doing. The good news is the VIX is high right now. You can get a little more without resorting to an extremely slow ticker.
And yes ring the register. I suspect I still hold out for more profit than Mike, but freeing up the capital in this market is good. You may only have to wait a day or two for a great opportunity. I actually have a couple tickers I have been able to recycle the exact same option trade on several times in a month. Close it and two days later there it is again asking me if I'd like more premium.
And yes ring the register. I suspect I still hold out for more profit than Mike, but freeing up the capital in this market is good. You may only have to wait a day or two for a great opportunity. I actually have a couple tickers I have been able to recycle the exact same option trade on several times in a month. Close it and two days later there it is again asking me if I'd like more premium.