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In general, the more out-of-the-money (lower strike) the put option strike price, the more bearish the strategy.Now you must have realised the risk of entering in this trade.
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The risk of loss when trading stocks, options, futures, commodities, and forex, can be substantial and may not be suitable for you. Sell out-of-the-money (lower strike) options if you are only somewhat convinced, sell at-the-money options if you are very confident the market will stagnate or rise.
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