@mafsteem...too bad you can’t sell options on steem (or other cryptos).
Selling short strangles around your long cryptos would be great in a sideways market.
And with the high IV in cryptos, you could lower your basis to zero pretty quickly.
I used to sell a lot of option premium in the past in stock indices, but in this low IV environment, it’s not worth the risk anymore.
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@stehaller...good to know. I'm not well known with options.
@mafsteem...just go to www.tastytrade.com and watch and learn.
@stehaller...thanks a lot for this link.
@mafsteem...you are very welcome. I know Tom Sosnoff very well from over the years and countless email conversations. You can email them if you have questions and they always answer. They also have their own brokerage firm: www.tastyworks.com
It is the best trading platform out there and they have by far the lowest commission rates.
I have done countless studies on premium selling myself. If I have time, I will post them some day.
@stehaller...very interesting. Good to know the best sources out there.