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[Music] so welcome back to the options crash course strategy series we meet again my name is jim schultz in this video we are going to cover the short put which is actually a bit of a downtick in difficulty from the short strangle that we just did in the last video so thats pretty good were gonna follow the same protocol that weve been doing winners losers in dance floor so lets begin with how a short put sets up all right so structurally strategically a short put is actually pretty straightforward first its only a single leg so thats pretty nice but second we are almost always going to choose an out of the money strike on trade entry for a new position and the reason why is very simple by choosing an out of the money strike we leave ourselves room to be wrong directionally and still make money that alone is an extremely powerful phenomenon for example lets say youve got starbucks at a hundred dollars a share you want to sell a 95 put heres how a short put would set up if star