Trade These Weekly Options in Small Accounts | Traders Reserve

Weekly option traders are often faced with the dilemma of whether to sell options on the day they are listed, or wait until the following day, when although premium is lower, so too is the risk, says Josip Causic of Online Trading Academy. As early as Wednesday, we can find out what weekly options will be listed on Thursday morning.

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Just go to the CBOE Web site and click on the Products tab, select Weeklies, and then click on the blue lettering, Available Weeklies. Each column on the list specifies the first trading day as well as the expiry. The list constantly changes for weekly options on the equities, while weekly options on cash indices and ETFs are more stable.

When weekly options are listed on Thursday morning, the premium is not at the same level as the next day, Friday, at the close. The main reason for this discrepancy is very simple: On Thursday morning, the premiums are usually richer than at the close on Friday.

Sometimes, due to low implied volatility, the premiums don't start off so rich. Option sellers can be faced with the challenge of whether the best time to sell premium is as soon as the weekly options are listed Thursday morning, or on Friday just before the close.

The question of when is the best time to sell is a matter of personal choice.

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