/biz/ - Business & Finance

>>54186443
No problem. Pic related might help. You can see that SPY has a higher IV on the OTM put side. Which means more premium for selling. If you look at the April 21 Exp date (16 delta) on the options chain, the call has a premium of $1.82. And the put has a premium of $3.10. Much more premium.

The put skew also gives you a statistical advantage with price movement. The current SPY price is $391. The 16 delta call strike is $414, and the 16 delta put strike is $361. SPY has to go up $23 to hit the call strike. But has to go down $30 to hit the put strike.