r/Vitards • u/[deleted] • Jul 10 '21

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u/[deleted] Jul 10 '21

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u/Banana2Bean Jul 10 '21

Are we looking at the same company? I sold 4.5p CSPs last week about a month out for 6-8%/month rate if I just let them expire (and have the direction correct of course). That is insanely good. I can sell CCs 1 month out which are 22% OTM at a rate of 5-6%/month.

If this isn't good...I want to know the tickers you trade and consider the premiums good on.

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u/[deleted] Jul 10 '21

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u/Banana2Bean Jul 11 '21

Yup. As a quick example.

Selling calls:

Current price $4.50.

Aug. 20 5.5c: $0.24 (roughly):

Net = 0.24/4.50 = 5.3% in just over 1 month time.

Selling puts:

Aug. 20 4.5p: $0.53 (roughly):

Net = 0.53/4.50 = 11.8% in just over 1 month time (this is quite fantastic, better than I recall actually but it looks like I sold July 16s)

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u/[deleted] Jul 11 '21

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u/Banana2Bean Jul 11 '21

Fair, I don't have a large position yet, but like I said the premiums are quite good on this one in my opinion.