What Are Common Strategies for Selecting Strike Prices in Volatile Markets?

In volatile markets, it is important to be careful when selecting strike prices. One common strategy is to use a wider spread between the strike prices of your options.

This will give you a larger margin of error if the price of the underlying asset moves against you. Another strategy is to use options with a longer expiration date.

This will give the market more time to settle down and for your trade to become profitable.