I'm waiting for a drop today since all the hype about the Stimulus and vaccines is wearing off and people are most likely going to collect profit for the weekend. It is possible that it shoots up or stays flat if the bears start closing their positions. These are the two scenarios where I'll make my entry: 1) Either it drops to around 380ish and I sell Puts if the VIX is higher than 25 or I'll buy Calls 45 days out if it goes slowly and the Vix remains steady.
If the price doesn't go below 385 I'll probably wait for Monday and see what happens. If it remains super steady I might throw an Iron Butterfly to cash in on the Theta decay of the day.
*** If anyone has ANY questions about Options Trading or anything like that feel free to contact me! I'll answer any questions for free because I'm designing an Options Course that will teach people from zero to Options Guru and all the questions are very helpful to see where people are getting stuck!
Godspeed Traders!
If the price doesn't go below 385 I'll probably wait for Monday and see what happens. If it remains super steady I might throw an Iron Butterfly to cash in on the Theta decay of the day.
*** If anyone has ANY questions about Options Trading or anything like that feel free to contact me! I'll answer any questions for free because I'm designing an Options Course that will teach people from zero to Options Guru and all the questions are very helpful to see where people are getting stuck!
Godspeed Traders!