I think that’s reasonable if you don’t own a lot. CWEN/A is another I’mm selling puts on, but for the purpose of this list I had to keep it to 2.

My answer on HASI vs BEP is that you should probably own some of both. I think HASI has the better valuation right now, which is why I picked it.

If you can sell covered calls, a cash covered short put is almost exactly the same thing as owning the underlying stock and selling a covered call.

American v European style does make a difference in terms of what you are buying and selling, but not very much…

Understood. And (as I was about to say) obviously you are right that “a certain level” should be between the break even point and the strike price – buying stock at the break even point would make selling the cash covered put into a superated strategy.

It’s hard to get the same risk reward profile of a put option with the common stock, but yes, I would buy a smaller amount of the same stocks probably halfway between the break even point and the strike price. So with HASI $20 Puts sold for $4, I’d put in a limit order to buy 50 shares at $18. I was planing on talking about this in the follow-up article. So much to write, so little time. Or if you have commission-free trades, you could hedge your bets more, and put in GTC limit orders for even smaller quantities. So instead of an EBAY $28 put sold for $3.6, you could put in limit orders to buy 10 shares at each starting at the strike price with 50 cents between the orders: so you would have GTC limits for 10 shares each at $27.50, $27, … , $23. If EBAY drops to $23.50 you will end up with $100 shares at an average purchase price of $25 plus some dividends, while the put seller would get 100 shares at $24.40. If it falls less, you wil get less than 100 shares at a higher average price, but you will have more upside than the put seller- especially if the stock is above $28 in Jan $2021, since the put seller will only get the $360 option premium, and you will have say 50 shares bought at an average price of around $26.50 which are now trading for $30 or more, plus the dividends paid since you bought.

Buying stock is always a more bullish trade than selling cash covered puts. Buying stock is a bet that the stock will rise. Buying puts is a bet that the stock won’t fall very much.