SPY

breakyourteethnow

I'm confused I had to ask ChatGPT and it said: "if you close a **losing** SPY option leg (or spread leg) and then **re-enter a substantially similar SPY option position within 30 days**, the IRS can treat that loss as a **wash sale**, meaning the loss is **not deductible right now**; it gets **pushed into the cost basis** of the new position instead. So the “big tax bill / phantom gains” problem happens **mostly at year-end** if you keep rolling/reopening and you still have **deferred (washed) losses sitting in open positions on Dec 31**. Then your **realized winners** for the year are taxable **now**, while some of your losses get recognized **next year** when you finally stop re-entering within the 30-day window. If you want to avoid that trap, the cleanest practical move is: **stop trading SPY (and SPY options) early enough before year-end** so you’re not re-entering within 30 days of any loss, or **don’t immediately reopen similar positions after realizing losses**." This would affect anyone consistently trading spreads of any kind on SPY?

ScroogeMcThrowaway

Saw the week of the 23rd. Stuff like AAPL, MSFT, META starting do options like SPY. They have Monday, Wed, Friday expirations. Is this going to be the norm moving forward?

pharmacino

That could be true but you need to look at the hourly chart and you will see that a move down was more likely. SPY tested 698 area three times and rejected, yesterday closed at low of day with no bounce, so probability is saying it goes down.

Michael_Korleone

Everybody’s portfolio is crashing but SPY near ATH

zerogravity1779

The losing legs do not offset the winning legs. If you trade SPY calendars you’ll end up paying taxes on every single winning leg as if the losing legs never happened. ​I’m currently on the hook for taxes on $16k of 'phantom gains' that I never actually saw in my bank account. Sure that $16k technically 'adds to my cost basis' for the future but that doesn't help me right now when the IRS wants their cut of the 'wins' from 2025. ​Someone trading with a larger account could easily rack up six figures in wash sales and owe the IRS more in taxes than they even have in their brokerage. Robinhood makes spreads look like one simple trade but the IRS sees a dozen individual 'washes' that can ruin you come April. It’s a massive tax trap.

Schmergenheimer

Don't say that. You'll force the reality to be News Tuesday: The S&P 500 has made it's biggest gain ever. It has seen a gain in 50% of its value after news of the American invasion of everywhere. OP: goddamnit. I just bought SPY 700 puts.

orsomeshitidk

Been saying SPY700 even longer than that lmao

lolputs

Keep going, buy SPY puts with that 600 next week, don't give up you did this for your way out. and stop listening to these broke people, they troll on WSB when they should be in r/investing rejoicing their 2% annual returns. These people are wired to be content with a stable middle-class wage with a 30 yr mortgage. They cannot comprehend taking risks. Every successful person on Forbes list has taken huge risks to achieve their goals.

IAm5toned

🤔 0dte puts on SPY 1st thing Monday morning.

iamatoad_ama

Why are all my stocks down when SPY is still kinda high?

Happy_Discussion_536

They can even tout the market until we break out of this trading range honestly. SPY has to cleanly break past 700 and stay there.

Lopsided-Magician-36

This is the biggest lie perpetuated by boomers. We are 40 trillion dollars in debt, you think SPY is really going to $4000 within the next 30 years? It 10x from $60 to $700 the last 30 years but growth doesnt continue exponentially forever. I can’t imagine it will be above $1500~$2000 and if it does go that high your not retiring anyways because the dollar is dead and houses will be $3million dollars

Special_Ostrich6752

Wait what??!!! You lost on SPY Puts??!! Timing must’ve been horrible.

Jay3377

I'll buy SPY and never gamble again if it goes over 100 🙏

Silent-Slippers

Quite good is an understatement. Insanely expensive is what I would go with. I wanted to buy some longer calls while in the 70's, just to expensive for me. He's right covered calls is bank. Just remember it's a fintech heavyweight. Crypto moves it follows, SPY moves it follows. I do like that stock. It has been very successful and likely to continue.

buchimochipie

Do not give up, you have learned a valuable lesson and still fresh in your mind. Use that 620 and grow it slowly, I would stick with SPY. See you Monday brother 😆

orangeyougladiator

!banbet SPY 599 3m

cwra007

SPY flat YTD

FireMaster1294

Given that SPY isn’t gonna reach 700 till 2027, those 400 calls might be the best you can get tbh. Better to lose it all on one play than slow burn on play after play

HeavyRightFoot-TG

SPY calls

Templar_Swamp_Stake

I just wanna know what his trades were. Could have just dumped it into SPY and forgotten about it and been up 12%.

-IQ200

For the record, [SPY callout yesterday](https://www.reddit.com/r/wallstreetbets/s/eGaCSnhAsD) paid today. Scenario #2 was chicken dinner. 🤓

katrav86

# next SPY rebalancing wen? :(((

EnginrA

So she’s an 11, real ones only care about SPY and QQQ

Over-Computer-6464

VTV and VTI are clearly not substantially identical. Wealthfront and Betterment have published white papers on their tax loss harvesting methods and they use index funds that are very similar, but which follow indexes from different index or providers. The IRS has not objected. The IRS has not even objected to swapping between ETFs that follow the same index, such as SPY and VOO, which are both SP500 ETFs. That is pushing it too far for my taste, but I do TLH between VTI, ITOT, and SCHB which are in total US market ETFs, but the index providers are different.

InverseMySuggestions

You will get $21.47 and you’ll lose it on a SPY FD in about 8 minutes.

zombo29

I mean I can see that you really tried since it’s not a straight drop like we usually see in the sub. At the same time, it really means you are not cut for option trading. So probably stick to something else moving forward. Im pretty sure not many people make $160k after tax each year in NYC. So you are clearly on another bracket(you said you were not in debt). So real talk, I’d say all in SPY instead baby

gkdjsl

Buy a share or two of SPY with every paycheck and stop doing this

Aggravating-Buy-1695

SPY 650.

Schmergenheimer

News Tuesday: The S&P 500 has made it's biggest drop ever, beating even the 1929 crash. It has seen a drop in 50% of its value after news of the European/Canadian invasion of America. OP: goddamnit. I just bought SPY 400 calls.

LimitlessPotatoSalad

I thought id become numb eventually to seeing people lose 100k+ regularly... every time it still hits the same. The possibilities of compound investing with that sort of money! Hell, even writing covered calls on SPY would be an easy 2k+ a month! (Yes I know SPX is better for CCs)

doc_trades

If I'm being entirely honest....... when I'm being patient and just following a trade I like... It's pretty easy. But the market is random so you're going to lose too. SPY has been stuck in such a predictable pattern for a while now.

doc_trades

SPY zero days. It's a lot of luck and selling when it's green. Once you get to about $5,000 you can stop risking so much and just keep doing $1-2k plays. This ends up in blowing up your account eventually, but I've already withdrawn $6k

Impressive-Mud-3362

When the buying the dip isn't free money anymore, am loving this, SPY 500

KekRico

Drink to the red SPY

WordsHappenedHere

Watch the rotation. Today for example, SPY was flat. What was up? IGV. CRWD. NOW. The things that were heavily beaten down for months. What’s been up huge this year? Or over the last 12 months? CAT MU SNDK ASML. All this AI buildout stuff, infra and the AI adjacent stuff like CAT. What’s up huge is going to be the next source of capital (selling). CAT will probably draw down soon. Also look at ASML for weakness soon. The key is where will it go? Most likely for the next few weeks IGV forms a base. NOW and CRWD and HUBS work as short term tactical trades. Long term start picking real software winners. The next phase of AI after the buildout is going to be software. Cyber security is all oversold and the most logical place for money to flow. Agentic AI and all these AI agents increase attack surface areas. CRWD should work next week and into March at least. Key is to watch what’s working. Money usually flows first into the most oversold areas.

Commercial-Remove782

What was he/she holding SPY straight through?

WordsHappenedHere

I don’t think you youngins are ready for a sideways market. You are used to these 20% banger years. It’s a stock pickers market now. Indexes will just go sideways for a while. Except things like RSP and IWM that have gone nowhere for months. SPY can’t move without Mag7. It’s a “sell this to buy that” market. It looks scary at the index but overtime it just grinds sideways. Try trading from 2014-2016. Or 2018-2019. Or 2004-2006. Money just rotates around until you get more liquidity through rate cuts or easing. Shit can go sideways and frustrate bulls and bears for months on end. You need to pick stocks. 2026 won’t be easy money.

exiestjw

I started monthly investing almost 100% in SPY in 2008. Nobody before me in my family knew about 401ks or index investing. I knew that the market was down, and would continue to go down, and that it would go back up. I knew from studying that buying while it was going down was a good thing. Man was it weird buying something, and basically knowing that when I went to do my next buy the next month that it was going to be worth less than it was the previous month. But obviously everything is fine now. My only regret is not buying more, sooner.

shekurika

today showed me I just dont have the balls to hold. had two 3x baggers on SPY 0DTE today and sold both for ~50% gain x.x

EvolvingDior

Yep. And SPY flat since October.

Crazy_Donkies

It's going to the dude that sold you them.  And I'm a permanent bull.   MAG7 and cycle out of America is a boat anchor on that damn thing.  I'm thinking after May SPY is going to rip to 780+ by EOY.

aftherith

Trailing PE on the SPY is 29 actually. Sorry Elon fucked your puts. Please remember to pay your 40% taxes for your free healthcare. We will be over here having fun if you want to get over your eurodepression homie.

Narrow-Business302

I need SPY to open at 710 on Tuesday 😓

Maximum-Magazine-333

If you buy into the SPY without mag7 exposure rn I guess you’re making bank

MuricanWisecrack

Party is over. Muricans dont recognize yet. Bloomberg has "Sell the USA" repeatedly up since like half a year and honestly: it was fine while it lasted but you have an major regard leading and of course somebody has gotta pay the price. OpenAI has the economy hostage and Spacekaren is droppin sentence like "frankly, its a no-brainer to put data centers into earths orbit" guys phantasizing about SPY doing +20% this year in here are the Euphorias peak. What do you think, spending 100$ per earth citizen per year of AI investments is going to pay back anytime soon? you do realize that 30% of the world never ever in all holy times see 100$ cash, right? Im not even confident anymore on my GOOGL. How on earth are they gonna earn 150B in extra capex? thats 1.5x their earnings extra, just out of the blue. Microsoft already can see some effects of their spending: openAI has created the worlds most costly Chatbot and it is literaly burning money despite subscriptions at a speed that is even beyond microsofts ability to silently carry it for a prolonged time. ima out of USA in most of my investments - at average it is just: SELL USA in my view, for the next 1-2 years. Skipped a recession, madmen at power and AI bubble and global friction costs are starting to bite.

AccountOfMyAncestors

Literally just coordinate a mass sell off Tuesday to SPY -20% and we can get the bear market over with in a day

Shoganai_Hito

!banbet SPY +3.5% 2w

dash_trash4255

To SPY600

MuricanWisecrack

TSLA is at like 300 P/E bro all the SPY is at 35 P/E bro while your inflation is stubborn and Euro is actually hardening and our stonks are like 15 P/E bro, capital is required to pay interest, you know so.... im sorry to burst ya bubble, but the party is over, we are Selling USA this year and the next year to come. When Mango is on horizont of leaving, you can have a real growth again, but till then: Sorry, but just nope.

Rock_or_Rol

Right on! Yeah, I had a good run with small SPY/QQQ bets until this month. Idk, I can do alright with price action but not macro ig

RealPrinceZuko

I haven't really hit any big options plays. I think the most was holding some 0DTEs on SPY during tariff news but it wasn't a lot.

spyputs1

O’really? I guess $14 trillion in American 401ks and $19 trillion in IRA’s just chump change to wallstreet. All these people pumping liquidity every month goes somewhere no? When your broker “sells” you 10 shares of SPY where does the transaction happen? On the lit exchange? Fk no it goes to citadel or one of the market makers that settles it from inventory in a dark pool. The lit exchange only sees institutional trades. Let’s say I’m bill gates and I want to unload my 3 million shares of SPY do you think he just limit orders on the open market? No he goes to GS and they parce it out in dark pools at top dollar and keeping the haircut. When the big boys are done selling at top dollar they run the tape down and pick up deals at the bottom just like it happened in the tariff tantrum last year. This retarded idea that market makers and wallstreet is this honest law abiding enterprise is childishly stupid naive

Happy-Champion1661

that's exactly what I am wondering so basically SPY kept going because they just rotated money to the other few sectors but now that those are insanely overbought and are starting to fall, what's going to happen is the index is also gonna crash and quickly or maybe they just go back to tech since "it is cheap"

Hot_Philosopher_6558

Hilarious, though, how the Biden stock market was held back by Orange and his disastrous trading policies in 2025, and it started rallying the moment he eased those disastrous policies a bit. Now we’re basically stuck. I wonder if SPY will remain under 700 for the whole year or just for a few months.

Awuxy

My girls nickname is SPY cause I give her money and never get anything in return

dash_trash4255

SPY was mentioned in the Epstein files

DevilsAdvocate77

Target Date Funds are the true "and chill" investments. People going all-in on VTI/VOO/SPY instead because they want to "beat" Target Date Funds are completely missing the point.

I_Own_A_Fedora_AMA

I am a 10 points wide OTM spread trading elitist. If you’re buying naked you’re making a mistake. A SPY +-$10 is high enough of a range to capture most trading days. Having strikes on both sides lets you feel comfy as soon as you hit the long strike since you collect theta and have a great exit point already figured out, one hard reversal away at the short strike. Plus the spread price times 10 is a quick and easy probability of hitting your conveniently predefined max value. Much simpler, less to figure out, less fast paced, easy to understand. Much lower cortisol, clearer head.

hermeskino715

I was expecting up on SPY then down...but not in the same day lmao

EmbarrassedKoala3982

!banbet SPY 690 4d

Bob_the_peasant

SPY should’ve at like 720 right now but the bag 7 are really weighing

Sick0h

The overall market is in no measure even remotely closely to a correction. Individual stocks, yes, but not SPY or total US market

ButterRollercoaster

SPY’s flat YTD, QQQ’s down 3%, and the Russell… is *up* 6%?!

aaapod

and somehow SPY still near ATH

rooftop_druid

Can always tell which accounts are completely faking it with comments like “oh no I forgot to sell my SPY calls and now I’m stuck” at 4:05PM or “alright, just sold my puts for 2x” at 7:20AM.

tabrizzi

February is living up to its billing as a month not very good for stocks, but trading SPY puts made up for losses in other tickers. Enjoy the long weekend, fellow degens.

LeBhikariLe

It took 25 years for the DOW to come back to the same levels after the crash in 1929. Here we can't take 5 months of flat SPY

d_money89

If SPY hits 700 by next Friday I’ll suck God’s dick to completion.

Carfar_Farcar

SPY 60 2/17 700C is my hail mary for Tuesday, fuck it.

powerboner

SPY back to October prices LMFAO. Fuck everything. Especially you Google, you’re a money stealing CUNT

Carfar_Farcar

Figured since I'm setting money on fire today anyway might as well buy some SPY 2/7 700C

dbd209

This is the worst case scenario. We clearly need a clean flush on QQQ and SPY. The longer this shit keeps playing out like this, the harder it is to trade. One big flush, and we can go up again, but this PA here is fucking awful.

vermilli21

Holy shit you can’t make that up SPY ending 0.00% Well done MMs you sack of shit

DriftWoodBarrel

Bought 1dte calls on SPY. Probably the dumbest move I could have made tbh. Oh well.

davidbigham

And SPY is back to flat. Fk u theta gang

AccountOfMyAncestors

We need SPY to crash 30% to shake out the bogletards and valuetards, THEN we can have the next raging bull run.

LeBhikariLe

flat as a pancake, SPY today

1-Dollar-Doge-Coins

My point is, there hasn’t been a dramatic drop in the US. SPY is flat over the last 3 months. No question that’s not good, a lack of any growth is bad, especially relative to the growing international markets, but this isn’t illustrative of institutional investors rotating in a significant way. Some, yes. But if it were most, we’d have seen a more dramatic drop off in US markets. Certainly not flat.

hermeskino715

Now I don't feel so bad for selling my SPY calls early😀

hallett21

I’ve bought an unhealthy amount of apple calls with SPY put profit. One time baby!

Interpersonal

Bought CRSR 7.5 calls yesterday and sold this morning. Bought SNDK 0DTE puts from 1-2 today and sold at 330. SPY calls here for a recovery after the long weekend? We’ll see.

LeBhikariLe

MAG7 down well above 10% from ATH and SPY close to ATH is the magic of an index fund

pleasestoptalkin

I’m not even mad, SPY. That’s fucking hilarious

sandygws

HOOD absolutely didn't give two fucks about SPY today. Barely moved.

JayRoo83

SPY red but all my beaten down bullshit looking good like RDDT, COIN, HOOD, NFLX Butterfly meme: is this a new rotation

myironlung6

QQQ and SPY just broke down through a massive H&S pattern on the daily. Could be circuit breaker moves next week

VeryMercurial

SPY equal weight is +0.8% 😂 Mag 7 currently Trash 7

Haikoe

SPY gonna be right below 700 for 2 years

BigOunce854

graped 🍇my calls don't deserve this, i will never trust SPY again.

Quick1711

A 680 put on SPY is $331….what do you think?

kazkeb

Welp, you at least tried, SPY

watisdat

SPY YTD looking like the teeth I drew when I was 5 years old.

PooPooPointBoiz

Why is SPY green today? Literally every MAG7 stock is down in the red now.

tjinga2u

SPY is really waiting until 3:45 to pick a direction huh

greatfool667

this is the point where I admit I don't even know what is in the SPY

Violent_Mud_Butt

Weekly puts expired at 3pm. Immediately before the price spiked on SPY. Immediately after it dropped. The manipulation is so obvious these days.

postachioo

Sold my calls for a losss fuck you SPY

psychoffs

Hey SPY lets get weird before the weekend.

BigOunce854

lamo, MM really did SPY dirty. Manipulation at works 👏👏👏