If you had to choose between one of the following, which one would you choose and why ?
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Sell covered strangle only on SPY
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Sell covered strangle on multiple uncorrelated stocks/ETFs.
Covered strangle only on SPY or multiple uncorrelated products (stocks or ETFs) ?
byu/cutecandy1 inoptions
Posted by cutecandy1
2 Comments
What is a Covered Strangle …. you own the Stock ?? Why bother you already used the BP on the Call.
I stick to spy because it is very liquid, I can delta hedge at all hours of the day and I get many different expirations to manage my position. Spx is even better if you have the account size for it