Since venturing into the options world and posting this part of the series into my monthly portfolio update, I’ve received quite a few emails from readers asking me the strategy I have used for my positions. Now, before we start, I must do warn that options are a derivative tool which can be complicated and dangerous if you are not careful about it. There are plenty of risk management lessons to learn about options which I might do in a separate article because they are just so important. Personally, I have undertook quite a few strategies with options play depending on the type and exposure I wanted to get myself involved in. In this article, I will write one of the most favorite strategies employed by folks on writing a put option. Writing a Put Option First, let us be clear on what’s a put option is. According to Investopedia,...