I am taking a break from updating Daily Option Strategies.
I sold too many puts about four months ago. I began to appreciate the risk several months ago, but assumed that all I had to do was wait for the next options expiration day to be okay. I was wrong. The market fell too fast. I executed the nuclear option on Monday to preserve capital and ran the Close All Positions function with Interactive Brokers, locking in a big loss. I managed to keep the bulk of my capital, but will be spending the next few weeks completing the paperwork on all the transactions.
Current high volatility and an uncommitted pile of cash convinced me to start trading again on Tuesday. I thought I might take a break for a while, but will save the break for the next time the market is grossly overbought. The iron is hot, so I am striking now, just not posting all the details.