I’ve been using the wheel for a while now, but usually in a one-directional way, either sell CSP or CC. I’ve never really done both at the same time on the same ticker.
Does anyone here run both sides simultaneously? Does it actually improve your returns or just add unnecessary risk?
Anyone running CSP and CC at the same time?
byu/Joemirag78 inoptions
Posted by Joemirag78
2 Comments
CSP’s and CC’s are the same trade (in terms of risk and return profile). You are just concentrating into a single position..
It adds unnecessary risk, unless you want to sell a put to buy more shares that you are currently selling covered calls on at a lower price.
No. You’re the first person to have sold a short straddle. Congrats.