s&P etf to short the market

From 2/25 Economist Article:

Valuations are reaching sky high levels. The most closely followed measure of them was devised by Robert Shiller of Yale University. It compares prices with inflation-adjusted earnings over the previous decade—a long enough period to smooth out the economic cycle. The resulting cyclically-adjusted price-to-earnings ratio, or cape, has never been higher than 44.2, a record reached in 1999, during the dotcom bubble. The previous peak was in 1929, when the cape hit 31.5. It now stands at 34.3.

thinking about a small'ish combination long / short portfolio position for next 12 to 18 months.

Just buy SOXS SQQQ

When shorting the market using options, you have to get two things right:

1. The direction
2. The timing

I rarely get 2 things right.

Good luck.

Appreciated

That’s why going long the inverse ETFs is a better idea imo. I’m long SQQQ and SOXS calls. Most capital efficient way to capture market downside.

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SQQQ

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I feel like SQQQ at 11 is stealing but that's just me

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Getting close to the 90's tech bubble days.

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You would be correct in the small cap/private markets space. The S&P 500 is not it, breh.

I'm not calling it a bubble small caps already got taken to the cleaners last year. There are, however, a ton of names that were dumped onto the public in 2020-2022 that won't ever make a penny which is why I think it's similar.

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I’m long SQQQ and SOXS calls. Most capital efficient way to capture market downside.

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Are you establishing those positions at 45-50 DTE, with a goal to exit at a certain % profit target or DTE? And if you don't mind the question, what delta did you go for at open?