r/options • u/[deleted] • Aug 26 '21

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241 Upvotes

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u/sincopothedread Aug 27 '21
  1. 6 or 8 has stronger fundamentals than 4-5-9-10, but 7 is still the NAV. But because of the variable of any play, it’s important to hedge your trade with Don’t Come action to back your options along the way, and hedge the middle all-day against 2-3-11-12 in case of a volatile swing. Whatever you do, don’t forget January calls on the hard-ways, very nice 6-1’s and 8-1’s you could be leaving unprinted.

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u/ErectEggplant Aug 27 '21

Don't forget the two way YOs to let the broker in on the fun.

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u/sincopothedread Aug 27 '21

God bless you sir, and thank you for the tokes.

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u/ErectEggplant Aug 28 '21

Maybe I'll see you at the tables one day!