If i think that Obama will win the US election, and start pillaging XOM and other profitable oil companies, what is the best way to set myself up to profit from a downward move, while protecting myself from an upwards move?
My best thought so far was Long 1x shares, short 1x 95 or 100 calls, and use that prem to buy 1x 75 or 80 puts. I dont feel like that enough exposure to the downside, but I dont think straight up shorting is the best way. Help a daytrader take a smart position!
Thx
My best thought so far was Long 1x shares, short 1x 95 or 100 calls, and use that prem to buy 1x 75 or 80 puts. I dont feel like that enough exposure to the downside, but I dont think straight up shorting is the best way. Help a daytrader take a smart position!
Thx