I would like to get in to some kind of wheel or sell covered puts type scenario. But in my opinion I believe there is a bit of a market downturn. Not sure how much but not see much upside from here. With that being said. What is your opinion of what is a good strategy but being cautious. Thanks for any thoughts and advice.
Options strategy for a potential market downside
byu/miamarine84 inoptions
Posted by miamarine84
1 Comment
PMCP (1 long-dated ATM or itm long with 1 shorter dated otm short) and front ratios (1 ATM long, 2 otm shorts) works well for slowish or mild downtrends. Many otm puts work best for fast and severe crash.