Why don’t you write how much you had to learn to start options trading and how much time you spend to execute it?
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The thread was cleaned from offtopic and bickering. Please focus on adding value to the discussion and Be Agreeable, Even When You Disagree.
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This thread was already killed by Mr. Pi, and as I was called out by them as well, multiple times. I’m a little hesitant adding to this thread, as I have already added to it but it was readily and reliably censored, IMO.
I’ll add my summary update, but I’ll state that I won’t place any bets on it surviving. Any options writing like described above (Options trading, Cash Secured Puts etc - #101 by Beate) seems to continue to work fine, What seems unclear is whether anyone safe from offtopic or bickering is … well, clear of criticism.
Here is one fundamental fact-based point which backs up this strategy:
- Naysayers often indicate the option premium received is payment for the risk you take on (i.e. the implied volatility)
- However, data consistently points to the implied volatility (driving the premium) generally being well in excess of the actual volatility.
To trigger (hopefully) some interest in this thread, how about people who DO apply a put writing strategy provide some ideas here for trades.
Here’s one I already executed on: Duolingo
- Strong balance sheet
- Profitable and growing
- Yet with a “will AI kill it?” cloud hanging over it
- I’ve written puts deep out of the money and gotten tremendous premiums on it
All in all, a nice margin of safety and great income.
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Even cooler to share exact put options with premium and expiration date?
For those who need practical example to illustrate with concrete examples.
Also to replicate and blame you for failing at it 
I did the Duolingo order early march 2026
- Sale
- Put option
- 10 contracts
- Strike price: 55 USD
- Expiration: Jan 2028
- Premium received: 13.75 USD => 10 contracts thus 13750 USD premium
- If having to take delivery: 55000 USD (10 x 100 x 55)
- Breakeven point 41.25 USD
- At time of this trade the share price was around 96 USD, currently around 91
I don’t expect to take delivery (in general, 80% of options wind up without delivery of the stock taking place). As described elsewhere, I run a portfolio of options
- Multiple written puts (with different expiration dates)
- Multiple written calls (on stocks I own)
- On both, rarely does it result in delivery taking place but I tend to make sure that I need to deliver a bit more often (thus getting cash) then that I have to take over shares (thus requiring cash out)
- When I do need to take delivery (such as recently with Nestle) I write a Put
This is a typical ‘wheel’ strategy.
While the thread refers to cash secured puts, I only keep moderate amounts of cash as I try to balance Puts with Calls. I use my overall portfolio as collateral.
Not all trades are as ‘extreme’ as Duolingo. Many options are for ‘boring’ stocks (insurance companies, utilities, telcos) where I enjoy harvesting option premiums and am OK if it winds up occasionally in me having to take the stock (typically: high dividend yield).
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