One could just wait until ‘the market’ (pick an ETF on your favourite index) drops by x%, buy back in (or buy calls) and cash out ~ a year or so later. This would have been a good trade in late March/early April and has a couple of pros: limited downside, relatively unsophisticated (i.e. easy to execute and plan), clear entry and exit signals. The cons are a lack of precision (I suspect a more targeted bet on e.g. vol could make more money, maybe buy the ATM straddle?), and that the low leverage.
One could just wait until ‘the market’ (pick an ETF on your favourite index) drops by x%, buy back in (or buy calls) and cash out ~ a year or so later. This would have been a good trade in late March/early April and has a couple of pros: limited downside, relatively unsophisticated (i.e. easy to execute and plan), clear entry and exit signals. The cons are a lack of precision (I suspect a more targeted bet on e.g. vol could make more money, maybe buy the ATM straddle?), and that the low leverage.