You can buy 2 week out, .50/.25 (4x) or .50/.30 (5x) delta puts
spreads per 100 SPY with very little theta or Vega exposure (during
week 1). Lines up well with the time frame for an expected down
move.
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You can buy 2 week
SPY reversion to mean systems and option protection strategies
Posted by pep8261 on 2nd of Dec 2021 at 11:26 am
You can buy 2 week out, .50/.25 (4x) or .50/.30 (5x) delta puts spreads per 100 SPY with very little theta or Vega exposure (during week 1). Lines up well with the time frame for an expected down move.