Strategy: Short Expensive Near-term OOM Puts

Next plan: sell near-term Puts that are way out of the money, yet expensive.

Filter for finding candidate Puts:

1. Underlying is on a long-term uptrend (or at least steady). Wouldn't mind owning underlying at a fundamental level.
2. Underlying price, between 20-80.
3. Near-term put, 1-2 months out and comfortably out of the money, priced > $1.00
4. Ideally strike price is below significant support level.
5. Check for announcement dates of financial results.
6. Reduce collateral requirements by buying Puts that are further OOM (buy extra).