SPDR S&P 500 (SPY)

[Scripo]

Thats great strategy. How would you know it started? What would be your sell trigger? Would you be willing or have you ever held calls or puts through one occilating cycle? Meaning daily chart below 20 ss you bought calls and sold at 80 or above. Or bought puts +80 and held till daily -20 How would you decipher when that big drop happens from any other pullback and not sell your profit short . Not trying to be fresh just picking your brain.