Earlier this year, I began selling puts on US stocks as a means of increasing my portfolio value beyond that which I am achieving with tactical asset allocation using ETF’s. Over the course of the past number of months, I believe I have improved my ability to select puts that will, overall, provide profitable trades. As of this writing, I have five open positions and for all positions, I have a buy order that is good-until-cancelled to buy back the puts at a 75% profit. If the puts aren’t bought when 21 days-to-expiry remains, I will buy the puts at the market price to close out the trades.
This post just may be the start of me listing puts each week that have passed my filters.