Can you share the number of gold Calls you write 5 days before expiration and an example of the premiums received. Interested in whatCortopassi wrote: ↑Mon Jan 31, 2022 8:27 pm I won't dispute most of your statement.
Currently I sell calls at the money. If they were called I then sell puts at the same strike that the call strike was at, effectively leaving the underlying flat, so I am participating neither in the gains or the losses.
This has worked so far.
I can see the situation where I get called out because the underlying had a good run, and I couldn't pull any premium from a put because it would be too far out of the money.
Not sure if this is relevant yet or not, but the weekly calls I am doing only have five days to move before expiration, that may help in limiting outlier moves or longer term trends that might get longer term options in trouble.
you earn in 5 days on $100,000. I know this changes each month. Maybe what is to be earned in a year with also writing puts if necessary.
Hope this is clear.
Gold comes out of the ground for $800 and may trade flat for years.