I started doing calls/puts options 2 months ago. My $4k is doubled to $8k. I'm trying to prevent any structural flaw in my strategy that I should be aware of.
1) I trade multiple tickers: TSLA, NVDA, META etc. at any given time. I don't want to lose all my money with one ticker.
2) I often enter positions in afternoon and exit in morning, because morning IV is higher.
3) I always do 20-30 days to expiration and never do weeklies.
4) I buy near the money.
5) I always split my funds 50/50 in puts/calls (Reason: protect from geopolitical/macroeconomic shock)
My biggest concern is the last one (5)... Someone just told me that is flawed reasoning because in the case of market-wide shock, puts will not catch up to protect you as much as you lose in your calls, and this could be harmful reasoning. Is that correct?