Hi Coral,
Since you are here, I would like to explore this further.
I have 2 March 18 Puts.
Bought one for $105, the other at $75 several seeks ago.
Bought one 20P for $50 a week or so ago on last spike high.

You responded with some thoughts on selling next strike out - can find that following thread, but later.

All I would like to do first is explore thoughts on simply closing out what I have assuming they become more profitable (silver falls further) but these OOM Puts are never going to go ITM.

I'm interested on thoughts on how to detect when the market is starting to dry up on selling these puts as expiration approaches.

Right now, my thoughts are to follow the open interest on each and when it starts to drop, sell out. Right now the open interest on the 18P has remained steady and has gone up on the 20P as silver has come down a bit.

There has to be some point as expiration approaches (still 46 days left) where the market to sell them will start to dry up ???

That is what I would like to get a handle on before thinking about selling something (your post) to recover some premium I have already paid. Then I have to figure out what to do with them also !!!

One hoof in front of the other !!!
Thanks, Lee