Okay, I think we all know my bias at this point. For those who don’t, it’s bearish.
I am not going to bother going into why I am bearish. Just read my posts from the last few weeks to truly understand why I am currently bearish.
So, I want to talk about something more important today – strategy. More specifically options strategies.
With options, you can control with precision, the amount of risk and type of risk you wish to take in any given trade in any situation.
One of my favorite strategies is selling vertical call/put spreads like in the Theta Driver Options Strategy.
Let me explain. And please understand I am keeping it simple for conceptual reasons. Once, you understand the basics we can really dig deep to understand how to apply risk-management.