S&P Futures down 0.30%. Perhaps Monday might be a good day for the SPY Puts that expire Monday. Buy 1-strike OTM at market open. Sell 1/2 hour before market closes. Disclaimer: The above trade may or may not be entered. It is not a trade recommendation. Do your own due diligence.
The best method I have come up is this How To Short Tesla With 77% Chance To Win, Make 35% If It Sits Still And With Low Risk (NASDAQ:TSLA) | Seeking Alpha BTW after being ahead on TSLA with these because it was going up so much when got even stopped doing it. Am still looking for a better method, but this is best have found. I am the author of that Seeking Alpha article.
The first diagonal is interesting. However, I would have executed the spread with the underlying on the rightmost to express the bearish view.
Yes if it will drop more much better. Do you know of better way to hedge market with small money and low neg theta or positive theta?