### Comment:
But the premiums at 10% to 15% of strike are shit.

### REPLY:
That’s because the market it up. When the market takes a dive, puts will skyrocket, and if you’d rather write them 3-5% OTM, it’ll probably still work. You just need to be on top of your position sizing, because you’re more likely to be exercised, and this really only works as long as you have the money to keep selling puts. This strategy results in you averaging down your share position, when they get exercised. Essentially, what we’re talking about is getting paid to DCA.

### END.