How To Choose The Best Strike Price For Selling Options

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Wondering which is the best strike price to choose when you're selling Options?

Some people say that the best strike price is the one with the juiciest premium, while some people say that the best strike price is the one with the highest win rate.

So which is the best strike price?

I reveal all in this video.

Timestamps:
00:00 - Start
04:18 - Two Key Elements To Choosing Best Strikes
09:32 - The Fastest Way To Identify The Best Strikes On The Chart

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[optionswithdavis]

Get Your Copy of The Options Income Blueprint For FREE:

[cmloke]

Your contents are on another level. So much more to learn from your videos. Thank you for sharing.

[tonysahely]

Probability of Expiring Cone indicator. Sweet. Added to chart and will expirement. Cheers

[benjaminfraser]

You are very good teacher bro respect to you

[philelmo]

I’ve been binge watching every video. Ronny Chieng teaching me options? I’ll listen to you all day! When’s the alert service coming lol😂

[greythorne]

Never have I came across a video this clear. Kudos to you for producing such a high quality video. Keep up the good work.

[fraseranderson]

Great video. What are the settings for the Probability cone?

[sjaw]

Hi Davis,
The market is turning redder everyday. Can you suggest some strategies for a market that is turning negative. All my straight outs are getting hit (ITM), hence not making $$$. To do bear call spreads?

[mandyll]

This is really helpful. Thanks a ton Davis! And can't wait for your next video:)

[jasonc]

You are a great teacher. After playing with options for a while and keeping a log, I came to a conclusion I'm more profitable selling options rather than buying unless it's a leap 1-2yrs out. Most options expire anyways, might as well pocket the premiums.

[juriklebanov]

Hi Davis, so what is the better long-term strategy from your experience: selling puts in oversold area and calls in overbought area or just selling puts and calls every week based on expected move, no matter what?

[edwardbrowne]

Fantastic video! I read Trading in the Zone by Mark Douglas and your Options Blueprint. Choosing a strike also depends on what you psychologically want and are most comfortable with whatever the market does. For example, in your income grid strategy which is neutral to bearish and you want to get assigned selling ATM or even ITM cash secured puts is possible with high premiums giving great cushion to the downside. Could I suggest a future video on trading psychology specifically and how you incorporate probability of touch when activating income grid levels. I know you build it in to all your strategies!

[OptionC.]

Awesome video and clear explanation! I definitely agree with higher win rate vs higher premium! Higher win rate can be replicated consistently; higher premium is a gamble as you never know which way the stock will move!

[MinhNguyen-ecbo]

Hello Davis: are all/most of your trades examples 45DTE? Thank you

[chesterjessington]

Yet another great video! I had been thinking about trading 10 delta but came to the same conclusion as you. Thanks Davis!

[GB-klpd]

Hello Davis. I am really enjoying your videos! In your videos you mention using the 16 delta, you also talk about collecting about a $1.50 premium on a $5 wide credit spread. In your experience is the $1.50 credit usually always around the 16 delta? Thanks

[coconuttcp]

Hi Davis
I strongly feel that the best strike price is at the money, my prefer strategy is strangler and straddle (with strict risk control), not sure you agree or not?

[penzput]

Are you using the default settings of the Probability of Expiring Cone on TOS (100 days and 68%)?

[mightyhippy]

great detailed video. What companies are you wheeling?