Conservative option strategies, what did you buy or sell today?

[fenders53]

(05-09-2022, 08:04 AM)NilesMike Wrote: Anyone doing a 1-1-2 trade (buy, sell,     sellX2) on futures. It may not sound conservative at first but I'm giving it a road test.

Using Micro ES futures.

Buy a put spread  3650/3620 for a debit of $3.50 ish

Sell 2 puts @ 2550 for $7.20 ish credit. $500 margin used.

Upshot is 3.60ish net credit if market stays above 3650, June expiration. If it goes to 3620, you keep your credit and the gain from 3650 long put.

Loses money below 2533 which 35+% below today's price. Currently 99% probability it expires OTM

Afraid to step out of my little box.  Only thing saving my entire port right now.  It some kind of miracle I am only a couple % off ATH.  Market is getting scary.