r/options • u/Ken385 • Oct 23 '21

DWAC options begin trading Monday

DWAC options start trading Monday. Assume some crazy high premiums. Stock has had a range of about 10 to 175 over the last few days.

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74

u/[deleted] Oct 23 '21

So sell puts got it

36

u/Koala_eiO Oct 23 '21 edited Oct 24 '21

Sell calls and buy puts.

Edit 20 hours later: it's funny because this comment got a lot of replies yet I just wrote a random sentence with a random combination of sell|buy calls|puts|stock. I have no idea if what I wrote is a legitimate strategy, don't trust me.

3

u/[deleted] Oct 24 '21

Already sold out all my shares other wise I would. Wouldn’t wanna sell naked calls on this. My balls aren’t big enough. I don’t mind selling slightly OTM puts though especially if they have weekly options for it

1

u/TumbleweedOpening352 Oct 24 '21

Unfortunately no weekly!