I traded a Hedging strategy when I first discovered options trading in 2015 I started learning at tarty trade but saw that my short verticals would typically end up ITM(i normally sold ATM or near it because the premium was more) so I would then take profit on the short side leaving the long and sporadically hedging creating a ratio spread this worked for a while until the crash which by pure luck I had on a calender ratio all my short puts where expiring that Thursday. The long puts where further out in expiration I woke up to a net loss of (35k) on the shorts that expired at 9:30 that Friday lucky the market continued to drop and the long puts actually turned to a huge profit. I’ve since turned to day trading but I’ve recebtly been thinking about returning to longer term options strategy’s my issue is we hardly have any pullbacks and put spreads are really cheap any call spreads sold typically won’t even come back enough to leg out and adjust. I think a calendar ratio call strategy could potentially work though
