I have a portfolio of spyg, spyd, spyv with some covered calls. (I do not have covered calls on spyg). I am expecting a correction but I do not wish to sell. What is the best/cheapest way to protect? I am looking to buy UVXY...
Sell calls and buy puts. You can also buy put spreads instead of calls. Or, you can sell your covered calls at a higher delta and keep rolling them until the market corrects.
absolutely not and this is the reason why https://www.splithistory.com/uvxy/ when? but, but ... if you can time the pop & drops, go right ahead
You could sell micro e-mini S&P contracts, one per every $20K you're trying to hedge. Direct hedge against your current positions, no drag like options.
There's no such thing as a micro e-mini. There is the full, the e-mini, and the e-micro. Please get that correct.