Looking at whether there are better alternatives, are option plays generally successful as an option buyer or seller, and any other tips anyone is able to give? if I were to exercise calls then I would start paying a fee? Their own website is not at all helpful unfortunately. Thanks
Does anyone have experience with TQQQ?
byu/qwerty-mo-fu inoptions
Posted by qwerty-mo-fu
2 Comments
TQQQ is my favorite stock to straddle with a call and put over a week out time when you buy and sell. Have some composure and it’s a gold mine. Although if volatility dies off it will not be viable.
I’ve had much more success buying calls/puts on TQQQ then selling options on it. Selling covered calls leads to your strikes getting blown past it and capping your gains, whereas selling puts can quickly pile up the loses before you even get assigned. You also need to be aware of how volatile it is with 3x leverage regardless of whether you’re buying or selling. Everyone always says they think they can handle the swings but its another thing entirely to watch your shares crater almost 15% in a day like the last market turbulence.