Strategies

What's the best strategy in maximizing profits and staying safe?

I think you need differing strategies depending on what your view of the situation is.

In the beginning, you should start loading up your positions, quickly. Which ones?

I think it's good to dig in with a fair amount of short positions, and some OTM puts. This way if the stock only tanks a little you still have the short profit.

Unloading? At the end, starting from the middle. The goal should be to unload most of your positions at the end.

What to do in an upmarket? well, any time you fear something might be coming, buy some OTM puts. When stocks start to rise, my natural tendency will be to ADD puts. When you add puts on a rise, the amount of ITMness should be reflected in what you're allowed to buy.

When should I sell puts? Well, first let's set a limit on how much you can reload on puts. Once is the only acceptable number. You can break it down into 2 smaller positions. 100 + 100 or 50+50.

Twice, that's IT.

Once you've bought the second put, on further rises you should clear shorts.