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Re: PennyStockTrader2 post# 6490

Saturday, 09/18/2021 7:51:30 AM

Saturday, September 18, 2021 7:51:30 AM

Post# of 6557
absolutely fantastic, month after month the options I have written have gone out all worthless. Certainly I will not continue to have such good luck.

I really believe we are on the verge of a precipitous decline in the general market. In that case, for a stock to buck the trend is very difficult to do, all things are possible, not all things are probable. My focus now is on the November/December 2021 strikes, because ... the premiums are higher than the October and we may not even end up close to 2.50 or 3.0 (on the upside) for the share price, contrary to what people in general are anticipating. Maybe even consider writing 2.0 calls for a large cash infusion, not sure, but as always, close to the money (2.50) is always the best choice overall for premium/risk.

right now I like the Nov 2.50 call for 40 cents or higher on any spike in price.