If I were to try it, I would choose a stock I genuinely want to own, preferably with a bullish or neutral outlook. I would consider an OTM put, around 10–15% below the current price, with about 35–45 days to expiry.
I would also prefer a limit order, especially when the bid-ask spread is wide, to avoid giving away too much premium.
The biggest lesson for me is: never sell a put just because the premium looks attractive. Before entering, I need to be comfortable buying 100 shares at the strike price if assigned.
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