yes  majority of time STS goes up or stays flat, once in a while it might dip and usually when that happens it's only for a short while. My  assumption is that you either stay put the options and use that new STS as the stop out,

    or one could simply follow the system I outlined, every time there's a new STS you close out your current options and start a new set, therefore if the STS moves down, you do the same thing, close out the current set and start a new set with the PUT strike based on that new STS, which honestly probably makes the most sense 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!