LogFAQs > #962534805

So like I guess it boils down to this Moonroof

How much faith do you actually have in this stock.

If faith is fairly low, sell puts at $3-$4. If you think this might actually be something, sell puts at as high as possible that would give you a profit pretty much. Because if it does moon you don't care about being assigned (or outright won't be assigned if it goes past your price), and if it doesn't you still make money as long as it doesn't go down.

Mind the Bid and the Ask. If you're doing the deep in the money put strategy I'm suggesting, it's not viable on say Feb 25 because the Bid/Ask spread is too high. Like the Bid on the 8p for Feb 25 is $4.35 which if assigned means you break even at $3.65, which is bad. You could do it as a limit order, which might go off, but definitely do not do it as a market order. If you do a limit order just subtract the price of the contract to get the effective price. For instance if you do a 8p, you would not want to sell puts for anything less than $4.55 as 8-4.55 = 3.45 which is about where the stock is now. Honestly limit orders in general might be a good idea if you can mental math. Just know that if you're opening contracts on a large bid/ask spread you're going to get hosed without them.

Anyway I don't really want to tell you exact prices because as far as exact price goes your guess is almost as good as mine, but these are the strategies available to you. Selling puts is definitely the answer the rest just comes down to risk tolerance.