Summary: tastytrade's first Rising Star explains this strategy using USO. Robyn explains the criteria for short naked Put strategies. These include low priced stocks with recent sell-offs in high IV ranking underlyings, as you want to be able to collect a significant amount of premium. Given the premium collected, Robyn shows how to calculate the break even to the down side, the delta (directional risk) of the trade and her probabilities of success in the trade.
