1. Choose a stock you would not mind owning -- you are bullish on the stock.2. Determine the number of shares you would not mind holding onto.3. Divide this number by 100 -- this is the number of option contracts you will sell.4. Choose a strike price that is out of the money -- usually the one closest to at the money provided it is worth at least 70 cents.5. Choose an expiration month that has at least 42 days of life left.6. Sell the put option of the chosen strike price and expiration month.Jim
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