Top down investment process model / Vsa 2

I was just thinking, with this enhanced market volatility, isn’t this a way you could hedge your portfolio against huge downside or upside risk?
Has anyone else tried this? I feel like too often I bought puts only for them to be squeezed like last Wednesday when Powell talked. What are the benefits of being more or less delta neutral in a volatile environment. My core position is bearish with SPXS calls ( 3x leverage) inverse ETF of Spy that expire in June.. along with SOXS (3x bear semiconductors) May calls. and I want to hedge against upside risk and an end of year rally. Any ideas would be greatly appreciated, thank you.

Sorry for the long title but is this a valid strategy? Basically theta would pay for your leap eventually and then you could continue selling calls until you get assigned or until a stock runs into the ground, then you can either sell that leap (if assigned) or exercise (if underlying falls flat) and pocket the extra cash. I know someone has thought of this before me probably but I'm just wondering if there's a name for this strat or if it's just silly.

Just out of curiosity how many people that trade options just stick with selling covered calls and puts? I started using options about 2 years ago after spending a month or so learning about the risks, the greeks etc. I have always heard that people start out with these strategies and then advance to spreads and other more complicated strategies. I have a sizable account and have the stocks and capital to just stick selling covered calls and cash secured puts. I'm not a big technical analysis person (I lack the knowledge) and I never seem to have the conviction to predict the magnitude or lack of magnitude of a move in any direction over a period of time. Is there any reason I should try to learn different strategies or just stick with what I am doing? Am I missing out on anything?

What would be the risk in buying SPX/SPY calls and puts on big tickets days like CPI and FOMC? If this was carried out during last CPI, the returns would have been very handsome. Only risk I would see is that price wallows between the two strikes. But if the strategy is to close the position at market open, wouldn’t it work out?

It costs $200 to sign up, and I was wondering if it will help a new beginner like me? I have no idea about anything: terms, pips, and whatnot, and I am looking for some good solid knowledge or courses that can teach me what I'm looking at from the very bottom. Thanks in advance!
If you know of any other good websites or books, please let me know in the comments below!

Good morning everyone. It is a light volume week as the trading days are shorter. Someone sent me this video and wanted my opinion. This person knows what they are talking about. I have seen a few of his videos, but his current state of the market closely mirrors mines, respect and have a look.
https://youtu.be/ArgZBg-kusg
It is never a bad idea to check other opinions, especially for people that are successful, see what they are saying, seeing and why. This person has 1.6 million subs and in 8 days it has 205K views. I also believe the market will take off but must hit a bottom. He sees the rally as 2nd half of 2023. I believe he is accountant that does some investing and as I have said, I have seen a few videos of his before, he knows his stuff. Have a look!
98-99% of furus don’t know anything! They have never traded in a bear market 2008, was the last one! 2020 doesn’t count it lasted a month and we were immediately artificially inflated by the fed. I call these people out on Twitter constantly when they say something that doesn’t make sense… The same, I would encourage to be called out if I say something that doesn’t make sense. I want people to share their opinions, but I want to hear what and why, with facts like the ZIM post Saturday at WSB. There were many people who agreed and some with negative opinions…. 2 quarters ago 5/25/2022 read what I wrote on DKS here
https://www.reddit.com/UltimateTraders/comments/uxgfm2/5252022_daily_plays_share_ideas_ask_questions_it/
DKS dropped as low as 59!! I was buying calls! At that time, understand everyone had a different opinion than me! The stock cratered and is more short than AMC or GME !
It has doubled in 6 months! What did I see? Why? What did I write 5/25?
On that day, people did not realize how they are a cash cow, they were buying shares, raised dividends, the bears were focused on 1 quarter of a slow down, and it was crushed!
A company that has beaten 7 out of 8 quarters and has a track record of making cash, buying back shares, and giving/raising dividends is what I want to own! I did not see anything in the results and earnings call to be alarmed! Unfortunately once DKS rallied from 60 to 95, I took it off plays.. I was worried about the sector because BGFV has had some bad quarters in a row! This does show you how DKS is different and a market leader……
This is why I was bidding on AMEH calls, I will try again, they did have 1 bad quarter out of the last 6, 2 quarters ago they met earnings, last quarter was a break out again. The health field sector for the most part is doing well, not everyone but I would say 80% of companies are beating… AMEH had tremendous earnings and rose to 38.. Once it crashed under 30 it has been on my radar.. Obviously, people don’t see the same thing it is at a 52 week low.
I am in no rush today. I did bid on DWAC puts when it spiked to 24, BURL as it was making highs. BURL numbers were not good, but better than off a cliff so it rallied. But it was up near 25%. I am a little worried sometimes to short companies that are profitable, NVDA included but even DKS crashed! It had a PE ratio under 10! ENPH is near 52 week highs, I actually like the growth and they are making a little money but 150x PE ratio? Really? Over time as I wrote 100% of companies can not maintain a PE ratio over 100. Something has to give, they either keep growing, or make serious money and grow into that valuation, as growth slows the PE contracts. I will be more in tune next Monday as we have a normal trading week. Also, it gets us closer to the next big catalyst. CPI 12/13, Rate hike 12/14. The market can do whatever it wants, it is sentiment but just as that Youtuber says, any rally is not sustainable. They are all head fakes, we are making moves based on interest rates… Rates are elevated and will crush earnings.. Even if the Fed kept rates at 3.83, 3-6 months down the road when it has been fully absorbed by the economy/company earnings, the market will get crushed! And we are going to 4.5% +
As I have said in videos and posts, unfortunately, I do not see a rally until the earliest April of 2023. This is when 1st quarter reports for 2023 come out.. That is because based on earnings now, forecasts now, the 4th quarter reports for 2022 will be as bad, if not worse than what we are getting now.. Why the Nasdaq isn’t 10,000, the SP500 3,500.. FOMO! People are grasping at straws. I have not changed my stance because we have rallied on bad news..
Nasdaq safe range 9,250 – 10,250
SP500 3,200-3,500
At the bottom of these ranges it is safe, cheap to buy, anything higher be prepared for a rug pull.
Some of the bad data, as the youtuber also lists
Rate hikes, slower GDP, Energy prices, World wide decline in GDP
He doesn’t mention bad earnings, but bad! Not horrible, but bad!
5 Trade ideas: I do not mind hanging back as tomorrow market closed, Friday closed at 1PM
AMEH – I tried calls yesterday and will try again
BURL – Can it please rally again, it is a real company but 25% sheesh! On mediocre earnings?
NVDA – Those earnings were bad, a miss, but the year over year, the future guidance was just as bad! Let us see!
KOLD – Nat gas is flying its 7.30 up 7% in a day! I do, and have felt that Nat Gas should be 7-8 dollars, but it was 5.50 like 2 weeks ago! This is going to be volatile with the WinteWar combination, but I think the Nat Gas run is wild for 1 single day!
ENPH – I cant lie, I am mad about my ENPH puts, what does suck, it is December puts 210 strike. I am in 12.50… I had been making 20-25% steady.. I was up 12% within an hour … it hit 14! I had been making 20%, but I was up 12% so soon, in the future I may take it as long as its soon… That, and the fact that 2 weeks ago this was 265! Not kidding! The earnings were good, I don’t see 210 for December, that is to fast, but I was going to take the loss at 8 dollars, in 12.50… It was 6! Then 2 weeks later its 320+ near 52 week highs, sucks for me.. or does it? What if I open new puts with time. I like the company, but we are indeed a bear market.. More time, far higher strike.
The contents of this post are for information and entertainment purposes only and does not constitute financial, accounting, or legal advice. ... By choosing to make a trade you are responsible for your own actions. Please do some due diligence. These are trades I am making and you can follow along. If you make a winning trade, I do not even expect a bravo or thanks but that’s fine, if you lose on a trade the same difference.. I do not even expect an upvote or reward… The Elite team is aware of the risks and volatility in the market.
Good luck everyone let’s make money. Share trades, ideas here during trading hours. Our main goal here is to make money so I hope we can help eachother. I will be in and out of here as well.