哈哈，裏麵是以前記的筆記，思路夠詳細，版權在三心。話說我一貫有記筆記的習慣。

先建立Put spread. If market starts to correct from here, these put will immediately provide some 
level of  protection (ie, making profit), if market continues to rise, I may start to write June OTM 
covered call to cover the cost of those put premium. This sequence is important to make sure 
you don't write a covered call too early. For example, if I see a clear corrective pullback here and 
market turn around and break the high again, it would be a clear signal that bull market is back 
and we are going for a new ATH eventually, in that case, I will just cut the loss on the put and let 
the portfolio continue to ride with market. Basically, no hurry to make a decision on a covered call. 
This is the very important part of the hedge strategy