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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: jaser20 who wrote (18718)1/17/2022 7:58:20 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Good morning Jeff, Re: Selling Calls and determining option Strike Prices...............................

What I would do is calculate at what price AIM would suggest a sale of 100 shares. I'd take that price and go look at the Call options list to find a match in price. (you should round up to the nearest Options price) I would then generate a Sell Call trade order at that strike price and enter it.

The option generates some nice cash and if it is successfully completed, then you are making the trade that AIM would have done anyway. If it expires, then we get to keep the cash AND shares.

That's as simple a description as I can give you. Are you familiar with the Quick AIM Calculator that TooFuzzy developed? Follow these links and it will come up. In it you can try different prices and see if AIM will generate an order of sufficient size for one Sell CALL. It's an "archived" web page from my old AIM Users web site. I believe you can save the address as a web page and then it's easy to find again.
Quick AIM Calculator for AIM (archive.org)

Best wishes,
OAG Tom