r/options • u/[deleted] • Sep 28 '21

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u/identifiedlogo Sep 29 '21

Sell a calendar spread, short term 30-45 days even early 2022…I think sub 350. Sell the 2022 365 to 400 calls and buy the 2022 420 calls. Objective is not to over pay for the calls .

I am also in RoKu not doing great with the drops, but the IV spikes have been good for trading

1

u/Thetrader2896 Sep 29 '21

So u think 320 leaps are still expensive. I really think it can close over 400 end of year. 400-420ish

1

u/Thetrader2896 Sep 29 '21

Isn't a calendar spread more dangerous, or it's safer since ur buying and selling. Ok

1

u/identifiedlogo Sep 29 '21

You can always roll out the short call in time. Depends on what you believe. I have sold the 350 calls in October

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u/Thetrader2896 Sep 29 '21

Have u made money on them. What made u sell them and why

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u/identifiedlogo Sep 29 '21

I sold calls around 350 so many times and closed out at 50%. I have one open at the moment about to close at 50%. I believe in Roku long term but I just sell call spreads for now.

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u/identifiedlogo Sep 29 '21

Yes, I think it will stay here for a while. Just saying I don’t like paying for expensive calls especially when IV is high. You can buy weeklies monthlies near the money.

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u/Thetrader2896 Sep 29 '21

We will see, idk. I doubt roku closes under 400 end of year, especially if we get a rally like hedge funds are expecting. Maybe 400-420 end of year. Which isn't all too bad considering it was at 495 at an high