The problem in a correction, big or small, is knowing when it is best to roll out of a trade that has ended up in-the-money.
When it comes to a correction, the key is to stay profitable but focus on reducing the risk to your portfolio and raise cash or margin levels.
This strategy article is for FullyInformed Members.
Reducing Risk When Rolling Options – Become A Better Investor – Oct 8 2018
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.