>>23458734
I posted this earlier, but I've been playing around with the options calculator and I found a way to almost emulate a naked put write through diagonal spreads:
Write a put like normal, say a month out, but then buy a put 2 months out and far otm for a net credit. The payoff graph is pretty much like that of a naked put sell, but with defined risk and positive vega. Anyone here with any experience on that kind of strategy? Normal put writes are vega negative too so if the stock falls, you lose harder, but the diagonal somewhat cushions you against drawdowns.
I'm calling it an almost-naked put. Need suggestions for animal names tho for kino feels