I am not a mathematician or I would be able to do this better. Basically you can buy calls and puts to simplify it. This way a shift upwards/downwards will caus

I am not a mathematician or I would be able to do this better. Basically you can buy calls and puts to simplify it. This way a shift upwards/downwards will cause your options to shift inversely. You end up being liquid in that event and can continue to switch your position to the short side or long side. I however only buy options based on my sentiment of the market, bear or bull. Currently it's a bull market, S&P going to $300. Edit: Fixed buy calls and puts.