# Mastering the Art of Selling Options: IV, IVR, Delta, and Strike for Maximum Profit

Selling options is a popular strategy for generating income, but selecting the right contract can be critical to maximizing profits while minimizing risks.

Let’s dive into specific examples using key factors like ** delta, implied volatility (IV), Implied Volatility Rank (IVR)**, and the distinction between

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*ATM, ITM, and OTM options*We’ll also explore how to** trade 0DTE and far OTM options** with trading examples.

**1. Choosing the Best Delta When Selling Options:**

Delta represents both the probability of the option expiring ITM and how much the option price will change with a $1 move in the underlying asset.

Example:

Let’s assume the underlying stock is trading at $100.

*-0.15 Delta Option: — Strike: $90 Put — Premium: $0.50 (or $50 per contract) — Probability of expiring ITM: 15% — The option seller has a high probability (85%) of keeping the premium and not being assigned.*