How do you take month long CSPs
Ima a incoming freshman at college and I’m afraid that I won’t have time to the start and maintain week long CSPs and I’m interested in monthly CSPs. I trade off a $2000 portfolio (I can add another $4000). I’ve been trading CSPs since June when I turned 18. How do you recommend I plan for month long CSPs (what does your P/L chart look like, how far out the strike do you go for decent premium, what Greeks do you look for?)
Right now I do <.5 delta weekly CSPs on mainly tech stocks. I also do not trade on earnings weeks.
Thank you for any and all of help :)
P.S I’ve been wanting to do more than weeklies for a bit because of the gamma risk and volatility but now I need to learn it fr cuz I can’t have that toy w me as a pre med major
Posted Jul 18, 2023, 3:22 PM UTC