AEX: Interesting set-up to cover exposure on European Stocks.

I bought puts on the AEX to cover my portfolio exposure on long European stocks.

I advise you to consider allocating between 2%-3% of your portfolio value to options.

Risk management is key to outperforming the market.

Entry Level: 760

Stop Loss set at 805.

Expiry Date: May 19th 2023

First Take Profit at 740. Second Take Profit at 680.

*Important to pay attention to the price action at the level of 740. If it is recovered quickly, it will be bullish.
Consider moving the stop loss closer to the breakeven point if that happens.

I will leave half of the position to collect possible profits if it gets to 680.