Finally, $Microsoft(MSFT)$ pulls back! The earnings is great! However, the market's short-term expectations for cloud services and AI were too high, causing MSFT's stock price to rise too much. As a result, in-line-with expectations is considered as “missed estimates“. Anyway, this pullback is an opportunity to add.I plan to to buy the underlying stock of $Microsoft(MSFT)$ through “Sell Put”. The first strike price of my sell put plan is $285, but currently, the premium for this strike price is too low. The premium for the option expiring on August 18th is only $0.5, so there's no need to sell the Put at this point. If the premium for the $285 strike price reaches $0.75 or more in the next few days, I wil
How to pick strike prices for options?
Picking strike price that's aligned with your strategy is a critical component of one's options trading. When selecting a strike price, it is important to consider the current market conditions, the underlying asset's price movement, and your investment objectives. ---------------------- How do you pick strike prices? What tips or strategies do you use? Have you made any mistakes or learned any lessons from it? What were your most successful and unsuccessful experiences in picking strike prices?
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