Some may call me a perma bear, but I like to be called a realist. If you have been watching the markets you know that we have had a huge correction, follow by a huge bounce. We are now approaching the 200 day moving average, and I have sold most of my longs, and now want to go short. Well now with the vix in the 30's and having been in the high 60's options are super expensive. They are my preferred way to trade the market, as you can control a lot with a little or decrease you buy in price. But they are a deteriorating asset and can be affected by volatility which makes them risky. So I looked at SDS, options were relatively cheap, and I did a spread to offset the risk. SDS is a triple short etf of the S&P. I bought the june 24 calls and sold the june 30 calls, and it cost me a dollar. So at the end of the day I have 300 dollar risk for a potential 1500 dollar pay day. As I bought 3 spreads for a 100 dollars. So far I am up 150 on the whole trade, and am targeting at least 900 dollar gain.
https://www.google.com/search?q=shorting+the+market&sxsrf=ALeKk00l9gvl9WS8iDp3s9EjRkP1jReQ9A:1588434873910&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj-0aGDxZXpAhUMqJ4KHQT0BqEQ_AUoBHoECA0QBg&biw=1600&bih=708#imgrc=vnXHEFFsovmL8M
