Great ariticle, would you like to share it?@OptionsDelta:mark 3 option transactions, all of which are sell call: $TQQQ 20240419 70.0 CALL$ $SOXL 20240517 50.0 CALL$ $SOXL 20240816 70.0 CALL$ TQQQ sell exercise price 70 I can understand. An out-of-the-money option on delta 0.2 equates to a monthly price move of less than 16%, and the leveraged ETF will fall faster if it moves sideways or down. The SOXL sell ATM call is a little harder to understand, though. Selling at-the-money call options on leveraged ETFs is similar to being bearish, and if chip stocks don't rise, the market has a high probability of a correction. If there are signs of a pullback in the market later, sell TQQQ's call directly. It is supposed to sell put next week's options tomorrow night, but given that chip stocks are more or less bearish, only META and NVO are more resistant at present.
mark 3 option transactions, all of which are sell call: $TQQQ 20240419 70.0 CALL$ $SOXL 20240517 50.0 CALL$ $SOXL 20240816 70.0 CALL$ TQQQ sell exercise price 70 I can understand. An out-of-the-money option on delta 0.2 equates to a monthly price move of less than 16%, and the leveraged ETF will fall faster if it moves sideways or down. The SOXL sell ATM call is a little harder to understand, though. Selling at-the-money call options on leveraged ETFs is similar to being bearish, and if chip stocks don't rise, the market has a high probability of a correction. If there are signs of a pullback in the market later, sell TQQQ's call directly. It is supposed to sell put next week's options tomorrow night, but given that chip stocks are more or less bearish, only META and NVO are more resistant at present.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.