I have noticed that when there is a large spread between the bid and the ask if I bid above the current bid there might be someone desperate to sell it to me since it looks like I am giving a better deal on a position they want to exit and then later if I sell it at below the ask but still above what I paid it also looks like I am giving a good deal
I just started selling options on $MARA in order to try to get something off a stock I am down 35% on. It has been going pretty ok so far with nice premiums. I started off selling calls but now that I have some cash in my account I am simultaneously selling calls and puts depending on how the stock trends. When going up I sell a call and when going down I sell a put with a price I am comfortable purchasing at. Is there anything important to understand about this strategy that might want to make me reconsider doing this.