Sold AMAT Naked Puts

I sold four AMAT May 20 naked puts (ANQQD) today while AMAT was trading at 21.00. I received $307.00 after commissions.

AMAT found support earlier this week at the 50 day moving average and has since moved back above its 10 and 20 day moving averages. Implied volatility at this strike was over 40 when I sold these options. That gave me a nice potential return based on the money I am keeping in reserves for it.

I’ve only sold two May options so far, so I’d like to start filling up calendar a little deeper than just today and yesterday’s trades.

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Read more on Applied Materials at Wikinvest

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