How does your strategy change on long calls vs <45DTE.
I recently got into trading options on a $600 account. In the past 2 weeks I’ve turned into $1400 on SLS and DRTS 30DTE. Now that I know enough to know I got pretty lucky so I’m trying to understand how I can use the Greeks to find some asymmetrical plays.
My question is, what do you look for on IV and theta on a 60-180DTE? For example, would an IV under 80 with a theta of less than .004 bite me in the ass if it trades sideways for a month? Can Vega save me or should I only target high IV and play a strategy to capitalize on IV crush?