stockstradr, Thanks for your input. My experience with trading options has been FAR more profitable (nice multi-X gains on small at-risk $ amounts) and less worrying than when I used to practice “buy and hold” (gonad-shriveling losses) with stocks & mutual funds. However, I’ve found that 80% of put options that I’ve sold for your stated reasons went on to end way more in the money than my exit point.

Still looking for information on my original question.