fair enough. just an off the wall discussion... excluding another pandemic, what low do you see LABU being to end of 2020 [wild guess]? pick that low, sell the naked put (fully costed - no margin) play time decay, close the contract on a 50% drop in the premium or if you want to own the stock, sell that DOTM naked put, if the contract isnt closed early & you take possession, you have it at a lower cost to either sell it or do a CC. there is always a vertical call or put spread where do you see the price range between now & end of 2020 ?