不知道为什么很多人不理解sell put roll up 的目的。用MU的例子看

上两个星期卖出700 put for $107, 650 put for $91

When we say roll up, it means close the above position and open a new sell put (ie, buy back the put sold last 2 weeks and sell a new put with higher strike price)

今天这两个put买回时,每个put盈利$40 (because stock price has gone higher).

然后卖出800 put for roughly $110.

All in all, you now have $150 premium buffer for each put contract you sold with strike price of 800. If MU stays above 800, you get all these free. Your breakeven price, if assigned, is if MU dropping to 650.

And if MU does crash tomorrow, you can roll down 800 put to manage your risk

所有跟帖: 

请教三心,你在roll up或卖put时,是怎样决定strike price的,会参考delta吗? -yylaba- 给 yylaba 发送悄悄话 yylaba 的博客首页 (0 bytes) () 05/26/2026 postreply 07:34:51

Delta 是一个因素。股价的价位飘动范围也要考虑 -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (0 bytes) () 05/26/2026 postreply 07:39:08

Don‘t try to be perfect. Try practice it on real position -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (0 bytes) () 05/26/2026 postreply 07:39:54

哈哈,感谢 -yylaba- 给 yylaba 发送悄悄话 yylaba 的博客首页 (0 bytes) () 05/26/2026 postreply 08:21:02

三心兄是真耐心 -fpeking- 给 fpeking 发送悄悄话 (21 bytes) () 05/26/2026 postreply 07:34:52

这还只是Put,当你把它们和cc结合在一起,可以非常轻松的建立200,甚至300点的premium -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (0 bytes) () 05/26/2026 postreply 07:36:32

always -pega- 给 pega 发送悄悄话 pega 的博客首页 (0 bytes) () 05/26/2026 postreply 08:00:41

chatgpt 让我roll down put -Greenhands53- 给 Greenhands53 发送悄悄话 (0 bytes) () 05/26/2026 postreply 07:41:57

谢谢三心耐心解释和分析 -Sundae7788- 给 Sundae7788 发送悄悄话 (186 bytes) () 05/26/2026 postreply 07:48:23

You need to learn what is "emotion" risk vs "real" risk -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (463 bytes) () 05/26/2026 postreply 07:58:22

一针见血。谢谢! -Sundae7788- 给 Sundae7788 发送悄悄话 (0 bytes) () 05/26/2026 postreply 08:02:17

赞!对RISK的理解评估是最大的难点 -信子巷外- 给 信子巷外 发送悄悄话 (0 bytes) () 05/26/2026 postreply 08:09:07

it's not easy -八落- 给 八落 发送悄悄话 (380 bytes) () 05/26/2026 postreply 08:24:05

selling naked call in a bull market is always a real risk -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (0 bytes) () 05/26/2026 postreply 09:16:34

That is something you should never ever do -三心三意- 给 三心三意 发送悄悄话 三心三意 的博客首页 (0 bytes) () 05/26/2026 postreply 09:17:03

Thank you very much! :) -八落- 给 八落 发送悄悄话 (0 bytes) () 05/26/2026 postreply 09:27:08

you might want to take some time to study the basics -pega- 给 pega 发送悄悄话 pega 的博客首页 (33 bytes) () 05/26/2026 postreply 07:58:50

What is the mu put expiration date for 100$ premium?thanks -TheBearMinimum- 给 TheBearMinimum 发送悄悄话 TheBearMinimum 的博客首页 (0 bytes) () 05/26/2026 postreply 07:56:50

8/21/2026 -小子妈- 给 小子妈 发送悄悄话 (0 bytes) () 05/26/2026 postreply 08:10:44

谢谢 -TheBearMinimum- 给 TheBearMinimum 发送悄悄话 TheBearMinimum 的博客首页 (0 bytes) () 05/26/2026 postreply 08:50:27

哈哈对于三心这样的高手都不是事,对于新手来说的确不简单:买卖多少,什么STRIKE和DELTA,OE怎么选, -信子巷外- 给 信子巷外 发送悄悄话 (189 bytes) () 05/26/2026 postreply 08:06:53

没错。三心不但是技术高手,他的游刃有余背后还有对每一只股的深度了解 -Sundae7788- 给 Sundae7788 发送悄悄话 (0 bytes) () 05/26/2026 postreply 08:10:38

谢谢耐心解释和无私分享。 -*江南雨*- 给 *江南雨* 发送悄悄话 (0 bytes) () 05/26/2026 postreply 09:21:36

谢谢三心耐心解释和无私分享 -Greenhands53- 给 Greenhands53 发送悄悄话 (0 bytes) () 05/26/2026 postreply 09:55:00

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