Been trading weekly options for a few months now and they work well for quick moves.
The time decay is faster but if you catch the right direction it pays off. Made some decent profits on tech stocks last week.
Anyone else prefer weeklies over monthly options? The leverage feels better for short plays.
Good strategy if you know what you’re doing. I focus on high-volume stocks with solid volatility - Apple, Tesla, SPY are my go-tos.
Timing’s everything. I buy Tuesday/Wednesday and never hold past Thursday. Time decay kills you if you wait too long.
This breakdown shows exactly what I look for in weekly plays:
Risk management’s crucial - I never risk more than 2% per trade.
Weekly options offer potential gains. However, 80% expire worthless. Implement risk management. Monthly options may yield better results.
Weeklies killed my account twice when I started. That theta burn overnight is just brutal.
I only buy them on Mondays now and I’m out by Wednesday. Last month I grabbed SPY calls on a dip, closed two days later for 45%.
Take small profits fast. Don’t get greedy.
Trading weekly options can be tricky due to fast time decay. Profits can vanish quickly if the stock does not move in the expected direction.
Experiences with weeklies during earnings season can bring profits, but holding them for too long often results in greater losses. It’s crucial to act swiftly when you see momentum.
Monthly options provide more flexibility if the timing is slightly off.
Gamma spikes can lead to huge profits with weeklies during big moves.