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Hi PeterBanjo!

In general, you want to target at least 1% income a month; so, on a $75 put that expires in April (or about two months), you want over 2% income or more. That would be a mere $1.50 payment or higher. $2.25 is fine.

The Memo didn't say only write the puts for $2.75; it just cited the recent price and recent yield. I find many members are thinking "the recent price" quote is the recommended price, so we'll have to tweak that guidance. It's easy enough to offer guidance that equals at least 1% a month... So, that's what we'll have to do.

Anyway, the upshot is: those April TUP $75 puts remain worth writing.

Thank you for posting!


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