/biz/ - Business & Finance

>>25036795
>>25036795
>>25036795
put on as tight as possible atm put credit spread at a strike you can afford, then on the day of expiration either:

it dipped, take assignment and sell the long put for cash if it has any value. You basically nailed the bottom besides your max loss (the width of the strikes * 100 - premium received).

it ripped, keep the premium

it crabbed and pinned your strikes, so you get assigned but the long put is worthless. You could then just collar it if you want to limit risk