Tue Jan 10 I shorted the Jan13 12 puts last Thur at an average price of 1.00. The stock was trading in the 12.50 area. Kicked out the trade yesterday at 0.30 for a .70 profit (out of a potential maximum of 1.00). I like these naked short-term put trades because of the forced time decay. Note that the stock is currently trading around 11.50 (one point lower than Thur) and the options are 1.00 bid. That’s an 8% adverse stock move with no change in the options. Another way to look at it, is that those few days provided a nice margin of error to re-evaluate the trade and exit without much pain. If I had not taken them off yesterday, I would have kicked them out for a scratch today.