Everyone is a genius in a bull market until the tide goes out.
In a real -40% drawdown, covered calls, CSPs, and little weekly spreads are not going to save you. You either built a portfolio and options framework that EXPECTS volatility, or you built one that collapses when things aren’t green. You should never need the market to “do something this month” just to make your trade profitable. That’s not investing, that’s gambling...
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Everyone is a genius in a bull market until the tide goes out.
In a real -40% drawdown, covered calls, CSPs, and little weekly spreads are not going to save you.
You either built a portfolio and options framework that EXPECTS volatility, or you built one that collapses when things aren’t green.
You should never need the market to “do something this month” just to make your trade profitable.
That’s not investing, that’s gambling...