Naked Puts for the Risk Averse

In the Tactics section of this issue, an article entitled Three Ways to Play Long Odds offers three strategies for placing speculative trades. Here, readers will find an “anti-speculative” strategy that’s less risky than buying stock. It’s called the naked put in a liquid  exchange-traded fund (ETF) such as SPY, QQQ, IWM, DIA or XLU. … Continued