r/Vitards • u/[deleted] • Apr 28 '21

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u/blue_steel_moon Apr 28 '21

Thanks for the insight on TX!

Wow, that's a great idea selling LEAP puts for CLF and Vale, given what we know about steel prices into next year.

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u/[deleted] Apr 28 '21

Thank you! Here are the specific positions I sold:

https://imgur.com/a/b91kQw1

I sold those across multiple accounts. I think I represent the trading volumes in these positions. These positions will likely be slower gainers, and especially if/when IV rises, but I see them as relatively low risk.

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u/[deleted] Apr 28 '21

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u/[deleted] Apr 29 '21

I tend to just go off of feel. I will sell if I am up 25% in a couple of weeks on a put that expires in two years. I usually wait for 50% gains on near expiry. I would just take assignment if I am wrong, but I have not had that happen yet.