Some cautions

HI traders, I have been reading the post and comments and some thoughts come to mind. I get nervous for investors that like selling puts but are making moves sometimes based on factors out of their control. So if any of this stays in your brains for the future then one of my goals has been reached. Hopefully these points will separate you from the average trader (who usually loses in the end)
* Whenever you are looking for a stock and decent prem, and you get the AHA moment, 'here is a great one..wow.' Folks, step back and reevaluate. The trader on the other side is not a fool. He will not give away money unless he feels he can make some. He probably has more experience than you and probably thinks you are the sucker. (he may be right) If the trade is out of proportion, you are in the wrong!
*Do not out guess the earning season. It is dangerous. Dangerous means one really bad report can wipe you out. It can ruin your investing career and sometimes more. This is simple investing, but to separate yourself from the pack you must have discipline and smarts.
*the bad reports that might come from a stock regarding earnings may come days or even a week before the scheduled earnings report. Do not think you can go right up to the day before etc. It is called earning season, which can be more than any special DAY.
*Do not get greedy. Greedy is a word that always means the other guy. When you are opening a position and it is two weeks in to the trading month and you are getting 5% or so... you are getting greedy. Meaning you are pushing the envelope way to far. Again, the guy on the other side is just hoping you take the bait. Do not forget, he is no fool, he knows just what he is doing. You be the trader that drops back one strike and makes 2% and smiles and sleeps. Let it be him that takes the bait. There is always someone that knows something. When they give away money, a thought that has saved me many times is, Jerry, be very careful and think this out, something is a little off here.
Well enough preaching here. Just be a smart trader not just an average trader. Average traders get their lunch eaten everytime.