okl

Options Strategist: A Simple Formula for This Overly Complex Market

imho, selling out of money call/put spreads are a good way to 'collect rent' every month, especially with volatility very high right now. instead of asking where stocks are going, ask where it will not be... of course, the fact remains that if you do not know where stocks are going, how would you know where stocks wont go?

anyway, i own a 100/105 SPY oct bear call spread for 1.20, that's where i think the SPY won't go- beyond 1000.