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Strategies & Market Trends : Option Strategies

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To: sm1th who wrote (2407)11/2/2022 9:29:00 PM
From: Elroy  Read Replies (1) of 2591
 
The first rule of writing Puts is never write one that you wouldn't want to accept assignment.

No, that's not the first rule of writing puts.

The only rule is sell puts that will make you money on expiration (ie, the price on expiration is less than the price you recieved when you sold them). All my deep in the money UAN puts are worth less today than I received from them when I wrote them, so selling them was smart.

But I don't want to get assigned more UAN, so I gotta figure out what to do now.
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