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Oops, my bad, please ignore the $11,500 number and the "net". (reading too many financial statements lately, not enough trading :-(

Your p/l keeps going down, down, down. Just for fun, here's spy last December, selling one lonely atm march-2019 put on 12/3, then another on 12/7 when spy down 5%, then another on 12/17 at -10%, a fourth on 12/21 at -15%, then p/l at close next trading day (12/24). So spy went down 15%, and...

Dude. Dude. That's the subject of a gazillion threads, here and elsewhere. Manually test if you have TOS or some other broker or 3rd party software; or pay out the nose for backtesting sites with limited capability; or code your own. Good luck. :-/

I still don't get it. That trade is ~$100 debit, and the 3 naked puts require ~$14k reg-t margin, and it's delta neg, bearish. You'd have to go 1:6 ($0 cost) or 7 (nearest 0 delta, at small credit). But even at 1:4, you're gonna tie up $14k for how many days, to make how much? Have you...

Do you have a portfolio margin account? If not, then your front ratio credit's gonna be a teeny tiny return on margin. Do you have a trade in mind you'd care to share to exemplify your thinking?

The buyer/owner of a call can "call away" the underlying FROM the seller/writer. The buyer/owner of a put can "put" the underlying TO the seller/writer. Somebody who's short needs to buy the underlying to close out, so selling the put is what he wants. 1) If market goes down, below the strike...