re: Visa getting roughed up today?

I don't know how many shares you guys trade, but I had read alot and finally dove in and I've been selling puts for the last maybe 2 months and the money is eye popping, the downside is its 100 shares per contract BUT I just sold the visa $185 put for next friday at $185 and got $6.05/share for it. At that point there are 2 options

1.come next friday either I buy visa for $185(which i dont mind) and keep $6.05 in premium effectively making my buy price $178.95

2.visa is over $185.01 next friday's close and I keep my $605/contract and move on to the next. $605/week on an $18,500 investment is pretty damn good in my book, that's over 3% in a week!

3.The option increases in value as time decays and i close it early for a profit.

I can't believe i only got into using these recently but wow the ROI is fantastic and you either buy shares at a price you want or profit the premium. Once you establish a trading range for a stock, I think puts can be lethal for making consistent weekly income, but 100 shares at a time probably throws off a few people.