What Delta Should You Sell Cash-Secured Puts At? cash-secured puts delta options greeks options income risk management

One of the first questions traders ask when selling cash-secured puts is simple:

What delta should I sell?

It sounds like there should be one clean answer.

Sell the 10 delta if you want safety.

Sell the 20 delta if you want more premium.

Sell the 30 delta if you are comfortable taking more as

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What Delta Actually Tells You (And What Most Traders Get Wrong) delta dpmcc options greeks position sizing

What Delta Actually Tells You (And What Most Traders Get Wrong)

Delta gets thrown around constantly in options education.

"Sell the 0.30 delta call." "Buy the 0.70 delta LEAP."

Everyone nods like they understand it.

Most don't. Not really.

They know the shortcut — delta ≈ probability of expirin...

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