My BEARISH INCOME STRATEGY on MAIN
Despite the bulls optimism, the fact remains, we are in a BEAR MARKET...
As a result I've switch to my BEARish income strategy on MAIN, AGNC, ARR, SPYD, QQQX, KMI, T, BP, AM, SHLX, WMB, MMP, SMIB, USAC, LAND, SSSS, PFE, INTC, IBM, RIO, RGR, PETS, CSWC, NS, SLF.
My strategy is simple, I'm using dividends to buy far-dated PUTS whenever there is a blue candle (bull trap).
Once the PUTS go in the money, I sell 90% of them and DCA in with 100+ shares.
I then start selling Covered Calls on YELLOW candles (Ceiling), wait for another blue candle, and buy more out of the money PUTS at RSI support and resistance zones.
This chart illustrates MAIN as an example of buy puts at $40 and $30
Unfortunately, I have no idea how to backtest the strategy on trading view so if anyone wants to help out shoot me a DM.
As a result I've switch to my BEARish income strategy on MAIN, AGNC, ARR, SPYD, QQQX, KMI, T, BP, AM, SHLX, WMB, MMP, SMIB, USAC, LAND, SSSS, PFE, INTC, IBM, RIO, RGR, PETS, CSWC, NS, SLF.
My strategy is simple, I'm using dividends to buy far-dated PUTS whenever there is a blue candle (bull trap).
Once the PUTS go in the money, I sell 90% of them and DCA in with 100+ shares.
I then start selling Covered Calls on YELLOW candles (Ceiling), wait for another blue candle, and buy more out of the money PUTS at RSI support and resistance zones.
This chart illustrates MAIN as an example of buy puts at $40 and $30
Unfortunately, I have no idea how to backtest the strategy on trading view so if anyone wants to help out shoot me a DM.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.