Base of 500 shares so far sold the May 35 calls against
you would have been MUCH better off to have sold the May 32 puts for 94 cents.
Not necessarily, If the goes to 35 by expiration, he gets the April dividend, ,76c/contract and difference between purchase price and strike price. The three parts can add up to $2.75 as opposed to 94c from put writing,
non covered puts..... my brokerage won't let me do this