Why put on this naked call short options strategy? 1. IV Rank was 61% 2. mid-term bearish 3. skew to the call side
collected $2.49 premium. use 190 strike , 79% probability of profit use Nov 17 expiration date, more premium take profit at 1/3 - 3/4 of credit collected. stop loss at 2x of premium collected or roll out to next month.