I am getting tired of this bull. I have short puts expiring soon and it would be nice if the correction comes. Anyone have an idea when we will start seeing another correction? Do you think mid october?
I think the worst is behind us. I dont think we'll have anything near like what we had in 2007. Truthfully, I think we just sideways chop in the 1000-1200 SnP range for a few years.
september is normally a dead month and nobody really sells or buys anthing the year is over for new money.l people sold in may and i don't know if they are comming back on november.
The optimal profit is for a put to expire close to the strike price it was written. I suspect that is the situation.
The optimal profit is to realize the full premium collected at or near expiration, and the further price stays from the strike price the better. The last thing you want if you're short puts is a correction, unless you're short because you actually want to own a stock at a discount.