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Should have joined the Theta gang, like most of the relatively sane wallstreetbets degenerates.
by sgjohnson 5y ago
Should have joined the Theta gang, like most of the relatively sane wallstreetbets degenerates.
- syspec 5y agoCould you elaborate?
- sgjohnson 5y agoSelling covered calls and collecting the premium, profiting solely on time decay (theta)
- azemetre 5y agoMy investing strategy is to sell CCs on NVDA, AMD, F, AAPL, and use the premiums to buy more index funds.
- sonotathrowaway 5y agoImplied volatility is typically overpriced compared to realized volatility. Theta Gang strategy is selling risk premium on stocks - cash secured puts/covered calls, wheel strategies. If you stick to stocks you’d like to hold for long periods of time, the downside risk is limited.