Idea to hedge against volatility on the DJI

Hedge against short term volatility on the DJI:

Falling volumes and downward shift in the near-term trend suggests the index faces formidable resistance in the area of 26000 to 27000. This could be the time to hedge long positions against short term volatility.

Idea to hedge 1 DJI: Sell Covered Call, Buy Put.

Sell 26000 Call option Expiry 21.Aug.2020 @ $950

Buy 26000 Put Expiry 21.Aug.2020 @ $915

Positive net cashflow. On the downside, the index is likely to see buying interest in the area of 22500 to 23500.

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