looking for option strategy, page-8

I tend to try and find neutral strategies with a far bit margin for error.

In regard to QAN which has high Put Implied Vol and low Call Implied Vol, my preference would be a Put Calender Spread.

The idea would be to Sell the near term Put for its time premium, and then buy a long term Put at or below the same stike price.

Idea is hopefully to have the near term Put expire worthless and then buy back the long term put at around what you paid for it!, because its so long term the time premium component whittles away slower.

Whilst the short term Put is still in play, you still have a cover on the price incase it tanks and you don't mind if it rises a little also (hence its neutral in price outlook).

Some have indicated that you can ratio these sort of things as well, to increase your recieved time premium.

Obviously this sort or Calender style creature can be done for Calls as well. Which is where I first came across these things.