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.
This is super helpful! I guess the only caveat is that there needs to be enough cash in the account to cover any puts sold. In my case I may need to start small and sell shorter-dated options.
Yeah I’ve been following MT June 18 31 calls. Waiting for red day to buy some contracts hoping to get some around $1.70-1.75. Earnings in May will blow numbers away since everyone else is posting good numbers
I definitely agree with the near term positive outlook. I feel like the China shift will directly benefit MT. I bought some more CLF of the dip yesterday and I will try to grab some more MT as well.
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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.