Whenmarketsarebooming, or even juststable, selling "out-of-the-money" put options, with a strikeprice far below the current marketpriceofthe asset, is a route to easy money.
Digging into the open interest configuration, peak call accumulations for the August and September series of options reside at the out-of-the-money 60 strike, representing more than 17, 000 contracts.
Furthermore, peak call open interest for the front three months of options resides at the deep out-of-the-money 70 strike, totaling more than 10, 000 contracts.