Any insights regarding my options strategies? I'm seeking help!!!

Overall payroll growth slowed sharply to just +12K in October with manufacturing employment down -46K largely due to strike activity. The BLS said it wasn't able to quantify the effects of the hurricane but the market is likely to be forgiving due to those impacts.

In the long term, the risks for the U.S. stock market are already quite high, especially since major companies have all fallen short of Wall Street's expectations for Q4 earnings guidance. Because of this, I tend to lean bearish in the short term.

I plan to buy long put options on several major tech giants today. To minimize potential losses, I personally prefer to purchase some out-of-the-money puts. If you have sufficient margin, I think selling far out-of-the-money calls could also be a good strategy.

Here’s my current thinking:

Hoping to take profits!