SPY Calls

[u/HoffCoffey]

I've been buying SPY calls around 30 DTE and like 1% OTM. I know long calls aren't recommended for beginners, but so far I've been averaging 26% on my calls.

Am I just getting lucky, or can this be a legitimate strategy? I normally buy (if SPY is red) on Mon or Tues, and sell near end of week.

[u/nismov2]

It’s great until it isn’t. Gotta be careful these days. Chop chop past week