I have been dabbling on and off on XJO options for past 10years...

I have been dabbling on and off on XJO options for past 10years or so with big breaks in between.

It’s a bit more involved that shares and ETFs given the greeks and the implied volatility factors not to mention how the market makers work.

I am starting thread to kick start a conversation on what people are buying, what index options hold the best value (short dated or long, in the money or out etc).

My biggest holding is over 20 contracts of XJOXK8 5000 sep PUTS. I am hoping commsec lets me start writing contracts soon as i want to sell some covered shorter dated puts so I can de-risk my position. Ultimately I am betting that XJO will be significantly below 5000 by Sep.