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ES ~ Weekly
If you were uncomfortable in April, you were likely overexposed to risk based on your tolerance, age, and other factors. You have the opportunity to redo it. What are you doing differently? Or were you comfortable with your risk during the downturn? We will likely suggest that our brokerage clients establish aggressive hedges above 6350 in the S&P 500 using risk reversals. This is a strategy in which call options are sold and the proceeds are used to buy put options. In other words, it is a way to utilize the market's money to create free downside protection for your portfolio. Is your broker discussing this with you? If not, check us out at DeCarleyTrading.com