Tuesday, February 2, 2021

Spike Option Strategy

 I would venture to set up this type trade in the beginning. 1. Set up a straddle (or buy stock and put position delta neutral). 2. When it is reaching a frenzy, sell OTM put position (GME case sell $250 put for $120 for instance). 3, sell the stock and call after a climax top (tricky here), exit the put positions at the same time ?. 4. after the collapse, add to the call position