Beautiful_Cookie_639 t1_iyf82ok wrote on November 30, 2022 at 11:10 PM

Reply to comment by PuppersGoneWild in I’m a SPY puts guy and no I won’t pivot by PuppersGoneWild

What do you look for when setting up puts? I typically do 2 or 3 DTE and use RSI (7) value

PuppersGoneWild OP t1_iyf8zye wrote on November 30, 2022 at 11:16 PM

I am very new to this but I’ll tell you my current doctrine - I don’t believe in Fibonacci and I believe most of technical analysis is bullshit - I mainly try to pick psych resistance levels and watch macro economic events - I sometimes look at RSI for divergence. At first I was setting up puts with short exploration dates but know I feel more comfortable with 1 or 2 month dated options. Also I don’t setup puts when the PCR ratio is spiking. Any suggestions appreciated