An intriguing way to hedge your portfolio’s downside risk for essentially no cost is by using a put spread collar. A large zero-cost put spread collar was placed last week on the SPDR S&P 500 ETF (SPY) The trader sold calls and used the proceeds to purchase a put spread. The position will give a fair amount of protection if SPY sells off in the next 6 weeks, while still allowing for some upside gains if the market rallies.
This guide will get you placing winning trades without you needing to spend hundreds of hours studying.
In fact, you can place your first trade today after reading my "Beginner's Guide" to trading options.