So Today the markets pumped due to Trump speaking, I missed the chance to sell puts and decided my only way was to wait for the pump to slow down and then sell calls when it started to slow down so that I can make money from time decay. I made sure to choose a contract that was under $0.50 when I looked and 6890/6895 was at $0.45 when the pump started to slow down. It was able to hit $0.50 and I sold 2 contracts at 6:55 AM. I’m looking to hold these for about two hours and see how much they are worth then or if premium hits a $1.50 or becomes $0.10.
Update:
It is 8:55 AM and markets took a massive dump as they hit the top of the ATR level It was really close to my stop loss, any higher and I would have needed to get out for a loss. Fortunately it went back down and I was able to close this for $0.10.