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To: Bearcatbob who wrote (163878)	2/14/2012 1:13:27 PM
From: renovator	Read Replies (1) \| Respond to of 206328

I mainly write shorter dated puts, and covered calls, but not usually the current month. Typically I go out 2 or 3 months in a series. In the MMR instance, I have followed the stock and owned it enough to be pretty comfortable with that level of relative safety and the 23.28% return if held to expiration is fair. I am seriously busy as an insurance adjuster and, I have to be careful about positions that need a lot of tending, although often at the computer writing reports, even then I may have phone calls, emails, and multiple windows open.

To: Bearcatbob who wrote (163878)	2/14/2012 1:21:59 PM
From: Debt Free	Read Replies (1) \| Respond to of 206328

"This opens one of the great questions of short puts. One can sell far out puts and get a big real time injection of cash. Alternately, one can do the puts monthly and IMO generate more total income from the same margin allocation" Bob I can see this is an issue if one is using up most of their margin, but I am mainly selling cash covered puts and get no where near the amount of my margin. With that said, I am trying to figure out how to enhance my strategy in some fashion. One idea is to allocate a long term option against my margin and not carried it in my cash covered calculations.