先建立Put spread (for example, 今天加了5月底QQQ505-475, MSFT 445-420, AVGO 220-190, etc etc)
If market starts to correct from here, these put will immeidately provide some level of protection (ie, making profit),
if market continues to rise, I may start to write June OTM covered call (for example, QQQ June 540, or AVGO 250) to cover the cost of those put premium.
This sequence is important to make sure you dont write covered call too ealier