No put options met my criteria this past week so no new positions were opened. The HLT puts that I sold on August 28 hit my buy target price and that trade was closed for a 77.8% gross profit over a 19-day holding period.
The table below shows my put option trades since May. The four open positions will likely be closed by the end of the week.
Given that the S&P 500 is up by more than 16% since the beginning of May, selling puts has been an easy way to generate extra income. It has felt too easy to me and I am curious to see how my put selection criteria and trading strategy perform in a more difficult environment which is sure to come.
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