How Should You Hedge Your Portfolio

A Timely discussion from our Friday Session on February 21st.

'O' had asked: Would you use a Butterfly to hedge your portfolio?
Personally, no. I would want a different structure to hedge my portfolio.
We go through ideas on portfolio hedging:

Why we would not use the Butterfly position on SPY
A look at Ratio Back Spreads and VIX Calls
Calendar Calls as a hedge (not recommended)

And what structures we would look for and other links from PowerOptions to help you evaluate what Market Hedges might work best for you!