Greetings all, I am new to this forum, and also relatively new to options trading. Apologies if I write things that are too obvious etc. I am starting to delve more deeply into other options strategies besides the usual long calls and puts for hedging. One of the strategies I am looking at is the shorting puts, which to most newbies to options looks very attractive mainly because of the fact you receive the premium instead of paying it. What I'm wondering is- Is profiting from shorting puts as easy as it sounds? I have found a number of options on the Oz market that seem like winners- underlying price way above the strike with many contracts available and 1 week from expiration. But before I get too excited and start shorting puts that I believe will be winners, I want to hear from experienced traders about this. Do a lot of you short calls and puts for the purpose of retaining (profiting) the premiums at expiration? What are the negatives of such practice? Thanks for your insights and advice.