@Augustus: thanks for your response. To your point about hedging with different indexes, note that in the article we're just suggesting hedging with QQQQs for portfolios that are heavy in other Nasdaq names; certainly a small cap-heavy portfolio should use IWM instead.
@koko: you can sell calls every month; it's better to choose strikes using implied volatility and delta readings, rather than choosing them by price.
Feed Your Hedge Against Volatile Markets [View article]
@Augustus: thanks for your response. To your point about hedging with different indexes, note that in the article we're just suggesting hedging with QQQQs for portfolios that are heavy in other Nasdaq names; certainly a small cap-heavy portfolio should use IWM instead.
@koko: you can sell calls every month; it's better to choose strikes using implied volatility and delta readings, rather than choosing them by price.