Some Rules for Selling Out of the money puts

A reason why it is so hard to become a successful trader is because one does not know what rules to follow. Here are some rules that may help a put seller.

1)Choose a strike price far out of the current price. Current price minus 10-25%

2)Check on the history during the strike date.

3)Choose a strike price than can get you a 2-9% return per trade.

4)When to buy the contract you sold.

                  a)premium has more than doubled

                   b)stock price below the strike price you have sold