Shorting is a more time consuming investment approach. You need high conviction to open a PUT without owning a CALL or the stock as well. One thing I have lear

Shorting is a more time consuming investment approach. You need high conviction to open a PUT without owning a CALL or the stock as well. One thing I have learned is that a SPAC or any company with a low stock price may have low liquidity, particularly for longer-dated options. This risks making a short position dramatically less profitable. So SPACs end up not being the gold mine for shorts that you might expect. For me a short position is not about speculating but instead about being strategically "long volatility". Which means you can actually make money when the rest of your stocks (which are "short volatility") are tanking and provide a better return for your portfolio. So I now try to always have PUTs open (along with CALLs that balance each other out). Don't buy your short position with margin: that introduces short volatility to what should be a long volatility position.