If I sell a naked put... say WXYZ is @ 55.00 and I sell the 60 put and recieve 7.50. If at the time of expiration the stock is @ 56.50 (or somewhere in the money)I will get the stock put to me right? So, when the stock is put to me can I immedately sell it or is there some holding rule that I have not read about yet? I am thinking that if the stock is put to me and I sell before it dropps past 52.50 (60 - the 7.5 premium) then I will be profitable. It is also to my understanding that if the price of the stock is over the 60 strike then the option would be worthless, so there is no risk of being forced to exercise my position. Am I doing this right?