Replies to post #67 on Dividends , The Wheel --Cash secured Puts and Cove

[DR. EVIL]

Thanks for your replies.

I have been watching YouTube vids on options for the last month or so. It’s like learning a new language. I had read somewhere that Delta can be used as a proxy a particular option to expire in or out of the money depending on your strategy.

I thing a delta of -20 or “less” is the sweet spot based on my limited experience and research for selling puts. The premiums are obviously higher at -30. Just need to manage your risk.

Folks need to beware. If the option has a juicy premium, look for a reason (earnings, etc).