There are many things to consider when placing a Delta Neutral trade beyond just buying a call or put. It may seem simple to do, but it will soon be clear that there are many things to consider, such as when to get in, which expiration(s) to choose, which strike(s), how many to buy, when to get out, whether to close the trade early, and many other considerations. Not to mention learning why you need to use them, and why they work so well. Learned correctly, you can not just protect your trades; you can sometimes generate even more income in addition to the original trade using the learned techniques.
To learn the correct way to place Delta Neutral Trades, we suggest completing the Advanced 11-Hour Options course. You can find this course in our store or by contacting our support team at email@example.com.