Sold Put Option on WFC – 0.61% potential income return in 8 days

On March 23rd, 2023, I sold 1 put option on Wells Fargo stock with a strike price of $33 and expiry on March 31, 2023). For this trade setup, I was rewarded with $20.15 (after commissions), which would yield about 0.61% return in 8 days if the put option will expire worthless.

I decided to take additional risk and yield additional options premium from th…