I usually play spreads on er's plays when the premiums are out of control. But yes I've been leaning more towards spreads on the high beta big momo stocks early in the week. As we get towards the back end of the week and premiums come down I play straight Puts and Calls (except on er's plays). I hope this helps.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.