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The covered strangle is an incredibly effective strategy. It's primary use is in neutral to bullish markets. However, it can withstand and produce profits in bear markets if managed carefully. Affiliates: -Benzinga Pro - Get 35% Off using Promo Code esInvests35: https://benzinga.sjv.io/esin Social: -Follow on Twitter for Investing News & Stock Market Updates. / esinvests -Subscribe to the Outlier Insights Weekly Newsletter. https://www.esinvests.com/contact -Support on Patreon: / erik_esinvests -Join the FREE Outlier Community Discord. / discord #investing #stockmarket #bearmarket #coveredstrangle About: My name is Erik, I'm a Marine veteran and self-made millionaire investor. I've spent over 30,000+ hours honing my craft and outpaced the market for the last 14 years. My goal is to share quality information and connect others to resources - without the BS. What can you expect? Outlier Community to connect with other traders and capitalize on the hive mind, stock market news, investing basics, options trading, portfolio management, trading psychology, trading strategy, money management, financial education, live trading, live market reviews, trader workshops, real estate / angel investing + some fun along the way. Welcome to the Outliers! I am not a financial advisor. All content is shared for educational and entertainment purposes only.