Another monstrously green day for my portfolio.
I'm getting a tiny bit anxious. I could take more profit, but last time I did every ticker I reduced went on another run immediately. Are there any anons here who actually use puts the way they were intended - to hedge their positions? I've seen how people use options to gamble, but I'm unsure how to appropriately calculate my strike price and such if I'm doing it purely for insurance, not for profit. Any pointers?