I agree. Since my trading is in a US IRA, I have to used defined risk trades, so I sell a put spread instead of a put.
When do you look to roll? I usually do it between 10 and 7 days out? Since I use an GTC Limit exit at 50% I'm not looking for worthless. How much of a buffer Out of the Money (OTM) do you look for when rolling as the price can still wobble a bit toward expiration?
If I need to roll I will normally wait until a few days out. I don't like to wait till expiration day
I always sell spreads now
Cheers
I posted from this week's trades. Please lend an idea on the IWM call position over there if you would?