Below are my recommendations for portfolio hedges to help protect your portfolio from a market correction.
We discussed hedging at length in the SFPC Bonus Coaching Session. If you missed that session, please review it before attempting to put on a hedge.
Note that I am not recommending you double up on these hedges. Choose the one that best suits your trading style and hedging needs.
Current Index Price: 3,372.30
Action: Buy to open the SPX Mar Week Two (3/13) 3100 Put for around $5.80
SPX Bear Put Spread
- Buy to open the SPX Mar Week Two (3/13) 3100 Put for around $5.80
- Sell to open the SPX Mar Week Two (3/13) 3050 Put for around $4.30
- Set initial debit limit at $1.50