deals with the fact that you are buying in the puts. when i sell puts i have drawn a line in the sand and i have stated, “i hope i get a chance to buy this stock at this level.” i put half of the strike price in reserve and i plan on buying the shares. it puts me in a different mind set. in these cases i need to know the company. if the stock has broken down because of a material change, i must buy in my puts. if the stock has drifted lower because of a market move, this strategy forces me to “buy low”. do i 