03-26-2020, 10:17 AM
(03-26-2020, 10:15 AM)fenders53 Wrote:(03-26-2020, 10:10 AM)DividendGarden Wrote:The price will change from minute to minute. If you do it, just make sure you give yourself some time for blind luck to help you out. An option that expires in a couple weeks or a month is much cheaper, but guessing what the market will do in a week or too is no better than a trip to the casino. It's the reason I make money SELLING options a very high percentage of the time.(03-26-2020, 10:05 AM)vbin Wrote: I have sep spy $200 puts
how much were those? Maybe I'll pick up a couple.
Yep. A lot of the folks buying weeklies have gotten burned badly this week. The potential return is much higher due to the lower premiums, but it can be real easy to wipeout.