Does anybody have experience/success selling put spreads by selling the long protective call when the market is still rising (or topping) and the call is cheap and then selling the expensive put after the market drops?
This would seem to improve the horrible R:R of the standard short put spread, or? Which time frame and strikes would you recommend to the long put?
This would seem to improve the horrible R:R of the standard short put spread, or? Which time frame and strikes would you recommend to the long put?