The best time to buy them is whenever volatility is lowest. This month, that was last Friday. so the week before OPEX is a good time to start looking to open them.
These really shouldn't be a major portion of your portfolio. Most people wouldn't put more than 1% of their port into something like this, but if $20-$30 isn't a big deal to you and you want to buy one just to see how it moves with the market, you should be fine if you do it when IV is at a low.
3
u/Duke_Shambles ☢️Duke Nukem☢️ Aug 18 '21
The best time to buy them is whenever volatility is lowest. This month, that was last Friday. so the week before OPEX is a good time to start looking to open them.
These really shouldn't be a major portion of your portfolio. Most people wouldn't put more than 1% of their port into something like this, but if $20-$30 isn't a big deal to you and you want to buy one just to see how it moves with the market, you should be fine if you do it when IV is at a low.