Do you just let them expire or but back / roll? If mine get to less than 90% value (i.e. I can but back for $.10 on the Dollar) or time value decreases to potential assignment, I will roll them using a spread order. I wrote a boatload of puts just before the crash and most of those are now ITM for March.
My number 1 rule is don't write puts on stocks that I don't want to own, those typically have really juicy premiums. Right now I have shorts in BA, HD, MCD, PH, CMI, WSM, NKE, HON, CCI, WBA, NVDA, QCOM, MMP. A few are new but many I have been doing for years although some have not been consistent shorts.
EDIT: I wish that some of these stocks would split. |
