/biz/ - Business & Finance

>>29839634
Every month I sell far OTM calls about 30% out and if the price gets within $50 dollars or so I start thinking about rolling. You can't let the price get too close to your strikes lest the delta get too high and the cost of rolling gets out of control. When I do roll which is rare, I don't roll all at once. Just one at a time as the situation develops as often times the price will go back down some and theta will knock the premium down.
The real trick with SOXL is to get in tune with its movement and inherent volatility. Learn what is a "high" and sell there. Learn what is a low and buy back in. Never EVER roll down if SOXL dips as it has a tendency to make fierce comebacks that will have you in the money within 3 days. You have to be patient and not get greedy. SOXL will treat you very well but you have to respect it