How deep ITM or ATM or even OTM should a LEAPS put be, if I plan to buy one, hold until expiration and assign it? I'm thinking UVXY, in case you're wondering.
puts on uvxy, practically guaranteed money lol. I can understand why you wouldn't just want to short it also. I say go with lower delta contracts, higher % return if your theory pans out...also less theta. Interested to read what others say.