No. of Recommendations: 4
DTB, thank you for explaining. Now I understand better. Never having thought about selling puts I made the mistake to automatically think you'd write puts with a strike around the current price of $470 or so, which I saw to be in contrast to your previous selling at lower levels.
Thanks to your detailed explanation (strike $420) now I understand the thinking behind it, that it's identical to writing calls at a much higher strike than the current level ("Premium is small, but if executed at that strike it's ok for me"), with the real question being then whether it's worth the relatively small premium.
Thank you.
