DislikedJust some thinking about premium selling I noted that tastytrade crew pay little attention to charts AND stock itself, meaning historical volatility etc...About 90% of decisions they are making is almost solely on IV rank alone - high meaning selling premium, and then lets look at strikes based on statistical POP. They had rough time on PBR (short strangles and straddles) for example, which I discarded because I don't know anything about that brazilian ADR, AND I can see it is a wild one... I will continue to filter all stocks with high IV rank,...Ignored
In fact, I can't even lose $0.10, because I have so much time I could do other spreads and make some more. I know, I'm repeating myself. It's a Trade of the Week, I tell ya! Might take a month or more to prove it though...
"If The Fool persists in his Folly he will become wise." - William Blake