[OC] I sell options for a living. Here is a glimpse into what a typical month looks like. My October performance.w4ti t1_iy3c3uo wrote
How is the win rate so high when you have bought back so many contracts?
Effective_Hope_3071 t1_iy3d8oq wrote
He buys them back at a lower premium.
PatrickSebast t1_iy3doxx wrote
I don't know how he calculated it but it's a win if the premium + contract price was less than the gains that would have been made from holding the stock.
Like if you sell SPY $400 call contracts for $3.00 a piece and SPY goes up to $401 then you made money. It would have needed to go up to $403+ for holding SPY to be a better option.
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