In my opinion writing calls is much safer than puts. Specially considering present economic situation it is much better. Consider this-
current mkt is @ 4327 a 8 - 10% increase (ie 4670 - 4760) will make mkt in over bought zone and writing 4700 or 4800 call with cash in hand to take position in future, if requires is a safe trade. I do trades considering normal situations. Some unusual things like jan crash may happen but not every time. Hedging a position from initiation of trade will though protect us from unusual times but hamper profits every time. One may back test my trade style and publish the results too.
Krishna
current mkt is @ 4327 a 8 - 10% increase (ie 4670 - 4760) will make mkt in over bought zone and writing 4700 or 4800 call with cash in hand to take position in future, if requires is a safe trade. I do trades considering normal situations. Some unusual things like jan crash may happen but not every time. Hedging a position from initiation of trade will though protect us from unusual times but hamper profits every time. One may back test my trade style and publish the results too.
Krishna