1. Search for the most liquid contracts, i.e. those with a very small bid-ask spread. This ensures that you can get in AND out of the trade quickly at the price you choose.
2. Make sure that the duration of the contract makes sense in light of the time frame of your trade. You wouldn't want to buy a 0DTE for a pattern that took weeks to set up.
3. "Buy low, sell high" also applies to IV in the options world. If you buy contracts with a high IV rank or percentile (such as right be...

Market Position Overview = where are everyone currently at.
When selecting strike prices for leaps, I always consult the Market Position Overview to identify range overlaps. This allows me to strategically pick strike prices at the edges of these overlaps, optimizing risk and potential reward. However, I also consider other factors such as individual risk tolerance and current market conditions to make well-informed decisions.
Advantages of selecting strike price by the extremes for me is use...

candela therapeutics showing signs of after almost 3x. i was in early and continue to buy. Pancreatic cancer never looked so good