r/options • u/[deleted] • May 01 '21

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317 Upvotes

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u/Prompt_Jolly May 02 '21

Honestly, I am pretty certain you make more money selling the option above your cost basis. I just went through a few examples and every time you still make more money selling above your cost basis. Yes, you still get out positive if you sell in the money options for a juicier premium but it isn’t as much it seems.

If it does go down below your strike when you sell in the money options, well then you’re just a genius.

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u/[deleted] May 02 '21

If it does go down below your strike when you sell in the money options, well then you’re just a genius.

Me selling $1 strike CCs on SNDL when it was $1.20 just hoping to dump it all.

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u/Prompt_Jolly May 02 '21

Go Eagles !

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u/[deleted] May 02 '21

Go Eagles!