Most Effective Way to Short the S&P500 (Long only strategy)

Without going short, that is. Long only strategy, how best to be short the S&P500 (using options, reversed ETF's).

Buying calls on an ultra short reversed ETF at the money where gamma is highest was my initial answer, does anyone know of a better way?

9 Comments
 

not effective but consider buying the VIX

[quote=rufiolove]When evaluating whether or not to post something on WSO, I think to myself, "would an idiot post this" and if the answer is yes, I do not post that thing...[/quote]
 
livelaughloveWithout going short, that is. Long only strategy, how best to be short the S&P500 (using options, reversed ETF's).

Buying calls on an ultra short reversed ETF at the money where gamma is highest was my initial answer, does anyone know of a better way?

I would think that is the most effective strat - but also combine with written calls on the levered long ETF for extra income

 

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