Trade Idea - Naked Put on PM

Disclaimer: The trades discussed in this blog reflect the author's personal strategies and decisions. These are not financial advice and should not be considered recommendations to buy, sell, or hold any financial instruments. The author is not a licensed financial advisor. Options trading carries significant risk, and readers should perform their own research or consult a qualified financial advisor before making any investment decisions. Past performance does not guarantee future results.

I noticed that Philip Morris (PM) may be entering a slightly bullish phase. IV rank is high (above 75%) so I sold a put:

For reference, here is the current price chart of PM:

For the record, I'm OK with either rolling this or do the wheel strategy if things go south for me.

As always, I have logged the trade in my trade log.