I've never sold PUTs or CALLs, I still have a lockdown on this, maybe I'm not aware of doing, thank you for your knowledge, I'm trying to learn more every day with your information.
I was exactly the same until this summer — for a long time I only bought puts and calls.
What changed my approach is realizing that spreads, as a structure, define and cap risk from the start. Pure option buying often turns into a lottery: you need direction, timing, and volatility all to align.
With spreads, probability and risk control matter more than catching a big move.
I’d strongly recommend playing with OptionStrat — it’s one of the best tools to visually model spreads and really understand payoff, risk, and probabilities before putting on a trade.
And when you do, keep in mind that probability on that tools shows current IF all the factors stay as they are, so always test messing with the IV slider as well.
I don’t manage it off a fixed P/L stop. If QQQ approaches the short strike, the decision is driven by price action, speed of the move, remaining DTE, and volatility behavior. Slow grind late in the week is very different from a fast expansion move. In the latter case, I focus on defense rather than forcing an early close.
I've never sold PUTs or CALLs, I still have a lockdown on this, maybe I'm not aware of doing, thank you for your knowledge, I'm trying to learn more every day with your information.
I was exactly the same until this summer — for a long time I only bought puts and calls.
What changed my approach is realizing that spreads, as a structure, define and cap risk from the start. Pure option buying often turns into a lottery: you need direction, timing, and volatility all to align.
With spreads, probability and risk control matter more than catching a big move.
I’d strongly recommend playing with OptionStrat — it’s one of the best tools to visually model spreads and really understand payoff, risk, and probabilities before putting on a trade.
Thanks mate.
And when you do, keep in mind that probability on that tools shows current IF all the factors stay as they are, so always test messing with the IV slider as well.
tks man
Aha.
where was spot and what was the delta on the 608 Put when u sold it ? thanks!
Thanks — good question.
I don’t manage it off a fixed P/L stop. If QQQ approaches the short strike, the decision is driven by price action, speed of the move, remaining DTE, and volatility behavior. Slow grind late in the week is very different from a fast expansion move. In the latter case, I focus on defense rather than forcing an early close.