so, if you are short 10 calls for Jun2, you might as well go short 10 puts for Jun2 also, because you get that margin for free - but the puts are not as rich. So, for instance, if I go short calls $216/$218 for Jun2 I may look at short puts $206/$204 for $0.17....
..the above is part of the program that I have been remiss in getting on, but that can change....partly because I have been going "super bear" and going long put plays on the puts - that has not been working and I would be much richer if I had been also shorting puts spreads for the last few eons (months) of SPY consolidation.
I can see cutting back on any long options plays unless there just be overwhelming indications of good movement on tap.
..the above is part of the program that I have been remiss in getting on, but that can change....partly because I have been going "super bear" and going long put plays on the puts - that has not been working and I would be much richer if I had been also shorting puts spreads for the last few eons (months) of SPY consolidation.
I can see cutting back on any long options plays unless there just be overwhelming indications of good movement on tap.
"If The Fool persists in his Folly he will become wise." - William Blake