Selling Weekly vs Monthly Options 💰 Is it better to sell Weekly or Monthly Put Options Explained

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⏰Chapters ⏰
0:00 Intro
1:00 General info and history of weekly options
3:11 Advantage of weekly options
3:52 Disadvantages of weekly options
6:59 Recap of advantages and disadvantages of selling weekly options
7:43 My preference between weekly and monthly options and why

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In this video I address one of the most common questions I get asked. Which is better, selling weekly or monthly options. Let’s go through the advantages and disadvantages of each of these time frames. Then at the end, I’m going to share with you which time frame is my favorite and why!

The difference between a weekly option and a monthly option is that weekly options expire every Friday whereas monthly options expire on the third Friday of each month.

When it comes to generating income, weeklies tend to have the upper hand. However there are other aspects of trading options that you should consider. For example, the bid ask spread for weekly options tends to be wider than the bid ask spread for monthly options. The reason is that there’s just not as much volume for those weekly options. Let's look at a couple of examples of this with WBA and DIS.

Another potential negative of weekly options as compared to monthly is the cost if you pay commissions for your option trades.

Here are my main reasons for preferring to trade monthly versus weekly options. First, we like to maintain a very diverse option trading portfolio. That way if any one position experiences is a sharp decline, it only affects a small percentage of our portfolio. If we had to rotate our positions out every single week, we'd go from making 40 to 50 trades a month to around 130 trades a month! It would basically be a full-time job.

Another major reason why I prefer monthlies over weeklies, is that many times, we are able to close our short monthly options out early.

A third very important reason why I prefer trading monthly options as compared to weekly options is that we want to make as of high probability trades as possible. By trading in monthly options, we can devote enough time to find option trades that have a higher probability of winning as compared to on a weekly basis having to figure out how to roll or replace 30+ option positions and as a result, be forced to do questionable trades.

Happy investing!
Randy Perez

#optionstrading #tradingoptions #OptionsTradingTutorial

Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above.

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