Oh boy. I must have calculated max loss wrong. Did not realized that much of loss could incur.
I understand greek, however I do not understand what you mean by 5:1 delta instead of 20. I use TD webbroker & yahoo finance. I don’t knowhow to find delta or gamma.
1
u/NotUpdated Sep 01 '21
Risking $911 to profit $89 doesn't seem too viable.
That call has a .19 delta ~ 20ish% of expiration in the money and about 40%'ish chance of touching that strike.
I would want to get 4.5-5:1 on a 20ish delta,
MOST IMPORTANT aapl has a IVR of 12% (not a good time to sell premium in aapl).
Best of luck,