The Put Seller's Journal

earth_imperator · Nov 6, 2022

Finally found it!
H.G., not Wells

earth_imperator · Nov 8, 2022

Posted an advanced case: Multi-leg with differing entry and expiry dates
https://www.elitetrader.com/et/threads/multi-leg-with-differing-entry-and-expiry-dates.370914/

Haywood · Feb 22, 2023

earth_imperator said:
Nothing wrong; everybody just do it as you like, as long as it's profitable.
But the saying "Unlimited loss with Puts" is indeed wrong, as was also stated by you. See also this table:

View attachment 296119

Btw, I too had started with CashSecuredPuts, but now I'm extending it to an options spread by adding a cheap LongPut to the ShortPut (giving a BullPutSpread or BearPutSpread). And recently even including diagonal spreads incl. calendar spreads (ie. where DTE of LongPut > DTE of ShortPut). Some 3 and 4 leg constructs (like LongButterfly and LongCondor) are interesting too, but for the time being I'll stick with just 2 legs only, since this is easier to handle as well easier to automate.
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The Put Seller's Journal

earth_imperator

earth_imperator

Haywood