OPEN-SOURCE SCRIPT
Mayur - Stock Monthly Option Seller
A monthly option seller profits from time decay (Theta) by selling options that lose value as expiration approaches. The goal is usually to generate regular income rather than speculate on large price movements.
What They Typically Do
Sell Cash-Secured Puts (CSPs) to earn premium while being willing to buy stocks at lower prices.
Sell Covered Calls (CCs) on stocks they already own.
Sell Credit Spreads to define risk while collecting premium.
Focus on monthly expirations (typically 20–45 days to expiry).
What They Typically Do
Sell Cash-Secured Puts (CSPs) to earn premium while being willing to buy stocks at lower prices.
Sell Covered Calls (CCs) on stocks they already own.
Sell Credit Spreads to define risk while collecting premium.
Focus on monthly expirations (typically 20–45 days to expiry).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.