First,
Sold PE options because you were expecting prices to go down???
Sold PE options because you were expecting prices to go down???
I sold puts because tatamotors is a very good company fundamentally, so i wanted to buy its equities in cash, and at the same time i also wanted some premium, hence i sold its 190 PE, to get its premium, if at month end, equity price was above 190, then i would still have cash in hand + premium, for buying some other stock,... and if at month end, price was below 190, then i would have premium + equities in account...