Buying puts I kept making alot, then losing alot.. it evened out for a while but then I started doing something diff.. What I noticed is that the stocks I was buying were so volatile that before expiration I could expect to be up and down a few times, but the pattern was that I always was up at some point… so now, I sell a % of the puts that is 1/2 the gain. So if the puts are up 100% for the day, I sell half of my puts.. it’s hard to do esp with homebuilders and mortgage because it feels like ”this is it, it’s crashing now!” but take what you can get. 100-200% a few times really adds up obviously. Also, if I buy within a month of expiration it’s a 1 or 2 day trade for me, any longer and exit window just becomes too small. If you’re holding out of the money in that last week before expiration, you’re more than likely becoming the ~90% of options expire worthless guys.
