Pauly B

How To Profit From Continued Market Downturn

I use FRO's (binary) or Fixed Return Options in this environment. They finish high or finish low. As long as you finish on the right side and place your bet far enough out your fine. 100 bucks profit for each contract right. Down side if your wrong you loose your 100 bucks and not as profitable as other plays but in this environment it works for me.

Plus side No Theta decay, no Vega issues, European style expiration, and you just break even if you throw a condor type play because one side is going to be right. I agree with others covered calls are great but the volatility is just too high in the SPX and RUT for my risk tolerance.