No I mean selling PUTS its basically being insurance for those longs not convinced. Its a bit like selling a CC but much safer if there is a level you would by a particular stock to change and go long. You should check it out works grate as a cash cow money machine. We will see how things go this thing is holdng up well! Better than I would have suspected based on the quarterly but hey, thats why nobody knows for sure! I remain short with a long term sold PUT. This doesn't cost much and allows me more cash to trade better.
Look my short call is still up since my call. Lets say its 17.00 and I am short you are long. The race is to 5.00 bucks for me and 29.00 for you. we will see how this all shakes out but I am saying 80-90% likely hood of 5.00 well before you ever see 29.00