Hi all, I’m learning to trade options. I’ve traded small before but never committed to one or two strategies, so I’ve been testing a few.

The usual ones

Covered calls: They cap my upside too much.

Cash-secured puts: I rarely get assigned, and the parked cash earns decent interest. The downside risk is high, though. If the stock dips a little I can use a stock repair strategy to recover, but on a bigger drop I’m stuck waiting for it to come back.

The less common ones

Straddles/strangles: I like these, but naked ones can blow up badly. I want to run them covered, which means owning the stock, and I get the stock through CSPs.

What I backtested

Plain covered straddles/strangles: These lost on big moves in both directions.…