Did you consider selling an OTM leaps Put? Good premium, enough price space, and time on your side. I would NOT sell at the bid, but maybe at the ask minus 0.01, if not at the ask.
lol 97.50 and 102.50 options. Not a lot of 2.50 wide strikes at the price. Even so, why are you recommending the 97.5/102.5 put spread?
well, thanks for all the replies. I've been thinking it over. I have to give up something. So I'm willing to give up the fantastic profits on a big move up in exchange for protection from the fantastic losses on a big move down. So that means making money in the middle, and that involves selling premium. And most likely legging in. bout everytime I think I got it figured out I see something I have missed