Having said this, how does one make money with all asset classes selling off?
YOu own stocks but pre-pocket the profits through the sale of OUT OF THE MONEY (above purchase price) for real money...high premium.
Now! Many read this and think ...the writer is saying this stock is going to fall...wrong!..it is based on the principle TIME ERODES the OPTION PREMIUM...
come Dec GOOG can be $970 and these will sell for $75? So you buy them back for a tax loss and sell the $1000 calls for longer out...etc