"Just wanted to drop a note and say thank you to the PowerOptions crew for pushing safe risk management strategies. I run a few different portfolio strategies and the only one that is in great shape, and even in a profit, is my RPM portfolio. This is by far the best sleep well at night strategy.
You guys have put countless hours into your training and support and you should know that it has helped a lot of people this week.
I thought I was safe selling long dated low delta futures but that blew up this week.
I thought I was safe selling low delta covered strangles and bull put spreads but that blew up this week.
Even buy and hold with covered calls would have lost a good bit the last few weeks.
My largest position was in QQQ and was protected with $500 strike puts. I've been selling calls and ratio call spreads against it for the last month successfully but i wanted out asap after this shakiness. I was able to roll my married puts up to $515 to make more of a profit and then into Tuesday to let my shares get called away asap. What a relief that assignment was. Pretty sure you guys saved me about 30 years of PowerOptions subscription fees.
Now I'm back to cleaning up the rest of my portfolios and hopefully never again having to deal with a mess like this. RPM 4 LIFE :)
"
Rob O.