Retail traders love to say, “I’ll just scalp weekly options for income.”


(No you won’t)
You’ll grind out nickels for a few months and then give it all back in one gap move you “didn’t see coming”
This is why I only do options with 1+ year expiration dates. The longer durations make the day to day volatility irrelevent & just a blip on the chart for us capturing the "majority of the move" as I call it.
The majority of the move is valuation from cheap to expensive.
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