In the current market environment, the covered call may not be the best strategy due to sinking option volatility. Instead, a married put strategy might make more sense, especially for ETFs like TLT with an IV Rank of 15%. This strategy provides downside protection and unlimited upside potential through Nov. 21.

With the married put strategy, investors can buy puts for protection without limiting their upside potential. The cost to buy puts is relatively low, around 3% of the strike price, ensuring a worst-case loss of only 3%. In uncertain times, having cheap put protection can be a valuable hedge against market volatility and political risks.

As the covered call strategy loses its effectiveness due to lower volatility levels, the married put strategy offers a way to pursue unfettered upside potential. With TLT potentially benefiting from lower interest rates, this strategy provides a unique opportunity to capitalize on market trends. No gifts for the happy couple, just profits from a well-executed trade.

Read more at Yahoo Finance: This Popular Bond ETF Might Be Marriage Material. Here’s the Best Way to Say ‘I Do.’