Subject: Re: Who is doing this buying?
I focus very much on having all of my options expire worthless."" Congrats, obviously you have a very substantial net worth. For others in a lower net worth bracket, you are tying up lots of cash to secure those far out of the money puts you are short, for a very low return.

I share these concerns.

When writing an option contract, you can choose things like the date and strike to skew substantially the relative chances of expiry versus assignment, but you should always be prepared for (and happy with) both outcomes. Markets are unpredictable...best always to assume you'll end up with whatever outcome you weren't hoping for. If you're not happy with that view, don't do it.

Jim