SAVA I'm still trying to fill various call debit spreads for Feb and May (May preferred). Lower leg around the $70-80 range and upper leg around the $90-120 range. I'm hoping that I'll get lucky and a few of these fill on the cheaper end one day as these calls move around. I did this with Jan $70/$100 spreads back in Sept and Oct and those paid off nicely. I prefer these versus selling puts since I think we'll get a big move up or down by sometime next year. Right now the underlying price is close to the bottom in mid Sept and late Oct.
My plan is to fill these and if he underlying price goes down as we near the year end or as theta crushes those further out strikes, I will start buying back some of the upper legs to end up with $70-$80 calls.
My plan is to fill these and if he underlying price goes down as we near the year end or as theta crushes those further out strikes, I will start buying back some of the upper legs to end up with $70-$80 calls.