What Are Weekly Options?
Weekly options are options that are listed to provide short term trading and hedging opportunities.
Weekly options expire every week – most of them worthless, and that makes them great for weekly income.
Buying Versus Selling Options
As options sellers, we take the other side of the novice option buyer's speculation (bet) that they can predict a move either up or down in a Stock or ETF.
Basically, buyers of short-term options are trying to day trade using options.
Most are under-capitalize gamblers that are trying to hit the ball out of the park.
To those options traders we say, Good Luck…
As options sellers, we take the buyers' money – literally – and get “Paid” by simply making a prediction of where the Stock will NOT go by Expiration – That Week.
We lovethat and we are great at it!
We do it with a mathematical edge — and a technical edge as well.
Taking candy from a baby – in a sense it is.