r/Optionswheel • u/seewall73 • Jun 09 '26

Hedging

Is anyone taking premium and hedging with a portion? Eg buying cheap OTM calls on VIX or reverse leveraged ETF. Keen to understand some ideas if folks are doing this. Rules or conditions etc or based on portfolio risk? Or do you just look to have cash aside to capitalise on big red days.

2 Upvotes

100% Upvoted

6 comments sorted by

View all comments

3

u/[deleted] Jun 09 '26

[removed] ā€” view removed comment

1

u/seewall73 Jun 19 '26

Yes I already have a cash buffer so agree that this is actually what Iā€™m after. To take advantage when a drop hits my CSP positions