 In this course we are going to sell a put option. So a put option is a flat to bullish strategy because when we buy a put we are bearish. Therefore when we sell a put we are flat to bullish. We are flat because if the stock doesn't do anything we will still benefit from time decay and we can capture the full profit if the stock does not move. So for this strategy I have picked Goldman Sachs as the candidate. We are going to study the trade rationale. We are going to look at the chart for Goldman Sachs and we are going to also look at the different expiry series. We are going to look at the choice of moneyness. This is the A chart of Goldman Sachs. It's a one year daily chart of Goldman Sachs. Goldman Sachs has come down from a high of 153. Now it's currently trading at about $113. It reported earnings a few days ago and it seems to have reported good earnings in fact $3.92 a share. But somehow I think it's been taken down by market pressures and therefore it may be a good candidate to sell a put option. So if we can sell a put option somewhere in the 100 strike price or the 95 strike price what we are saying is that Goldman Sachs will not drop below 100 or 95 whatever strike price we choose. And we can see that Goldman Sachs has reported good earnings but still the stock has not reflected those good earnings into its price.