Reddit Posts
If SPY doesn’t hit ATH by EOM, I’ll show my cheeks!
Seen at time square gift shop, bullish signal for next week
DD: the market literally crashes in sync with the lunar cycle and you idiots have been reading 10-Ks 🌑📉
1DTE $21K SPY FD Yolo - 735P 7/20/26 220x @ .96 Each
+230k SPY 0DTE, five out of five 🎯
Regard play of the week: AAPL 7/16 Puts 0dte
Why the Market Has Been Crappy
What is the Tax rule for "constructive sale/straddle treatment" of futures on SPY
Have you ever seen a weekly and daily chart of SPY so well coiled and oiled to make new highs?
The 230pm-415pm $SPX/$SPY scalp strategy I posted 2 days ago has now worked 2 days in a row since posting it here. Going to keep this going.
A SPY 0DTE averaging-down mistake that cost me $1,514
Wall Street has had this view of the market for years. Now it’s coming to retail…
Probably the 1,000th “Where do I start” post. #femedition
I backtested "buy whatever you guys are talking about" for 12 months. It beat SPY by 15 points.
June CPI missed big but I'm not buying the full rally yet
Don't think I've ever seen more extreme option gains - IBM 07/17 245P
Scalping $SPY & $SPX 2:30pm to close is the way to go.
MSFT Bear Call Spread, 96% PoP but risking 10x the credit — sanity check?
Take the blessing of "I give you 100 hints"-Orange-Man
Is there any actual strategy in trading $SPY 0DTEs?
If June CPI comes in hotter than expected, is the better trade Treasuries or SPY/QQQ puts?
Letting BWBs or Calendars go to expiration? Anyone let them until last day?
Crashed and cashed out immediately. Thanks SPY 0DTE Puts
Almost 6x in about 2 months. Just have to do it 3 more times to hit a million
How are KOSPI gains sustainable?
I have currently sold all my stocks and have $1.2 million in cash on hand. I would like to purchase a new batch of stocks to hold for the lo
SPY vs SPX mismatch is dangerous because it looks too smart
Trying to generate alpha using Nasdaq retail activity data
Theta decay, measured on 19 years of real SPY quotes: ATM extrinsic dies ~2× faster than theo
I built a simple “Regime Filter” using SPY and QQQ to decide when I’m allowed to buy new positions
I’ve back tested every single imaginable 0dte strategy, in short. No consistent edge exists.
SPY is pumping on 1/3 normal volume while $8B in dark pool prints load. You are the exit liquidity. Stop buying.
SPY is pumping on 1/3 normal volume while $8B in dark pool prints load. You are the exit liquidity. Stop buying.
When will QQQ be more $ per share than SPY?
ELI5: Why would an ETF like VOO or SPY outperform the S&P500, if even for a single day?
Rally into July 44th and July 17th, Q3 20% market correction, October melt up.
Rally into July 44th and July 17th, Q3 20% market correction, October melt up.
Rally into July 44th and July 17th, Q3 20% market correction, October melt up.
My fiancé discovered options trading and turned 2k into 212k in 3 days. Her balls and port are 10x the size of mine
Is it possible to have a broadly invested portfolio, without automatic purchasing of SPCX or AI IPO’s?
I used ChatGPT and Codex to build and backtest SPY + QQQ 0DTE trading bots
Does anyone scalp SPY options or any other ticker/exchange?
Without Wendy’s there would be no dumpster
Does anyone know why these sudden price drops happen?
On last minute before the close SPY wicked down 2.3% on 10x volume
SPY 0DTE gains to close out the week
Is this a Robinhood glitch? Why is the Open Interest on this random bank put so high if nobody is trading it?
Is this a Robinhood glitch? Why is the Open Interest on this random bank put so high if nobody is trading it?
Am I in the Cool Guys club? I know I'm in the Retard Boys Club tho
Finally made all my Investment back after 7 years!!! Part 4
SPY be really drawing today cats lol
Mentions
Nah what, shorting QQQ is insanely profitable if you time it right Shit can easily drop 2% while SPY won’t break 1%
holy shit pre pre futes show SPY +5% MU $1800
US service members and military personnel were killed on this last Iran attack, and 🥭 still won't make any meaningful attack back because he and his buddies are short Oil, and you think the market will tank on these news? Monday we pump, SPY 800 EOW
For the SPX Best trade, I am doing a BWB below SPX price and a Vertical above. For the SPY Ride, it is a combination of 3 Calendar spreads positioned at a certain Delta.
I think it’s totally possible we pump tomorrow. In fact I would not be surprised at all if it happened. I think SPY crawls back towards $750 and goes to $765/770 and then dumps to 700/690. Idc what it does tomorrow or the next day.
6k on SPY 0DTE CALLS MONDAY
My best guess for next week is that SPY will start to dump as well. But semis and memory itself will just trade sideways (albeit with a lot of chop). Calls only when max fear is reached
Why SPX as opposed to SPY?
I sold SPY 7/31 $740 puts for a loss last week 🤡
If if doesn't go down more than 4% or up 2% by open. I am all good (SPY)
War intensifies We going back to sub SPY 700 or does no one care
We may be cooked on Monday, but SPY probably green.
All the good trades come from huge government decisions that change markets forever. For example, Obamacare was the biggest scam in history. If it wasnt obvious to you that we got sold out and that insurance companies were about to make tons of guaranteed money, you were a moron. Over the next decade, it crushed the returns of the S&P500. UNH left SPY in the dust. Easiest trade in the world. Always think about how new laws/decisions will affect markets.
Trade 0DTE SPY calls while drunk ❤
Why is everyone so 🌈🐻 on Monday's SPY?
Rooting for you OP. Working on something similar with SPY 0DTE. +156% last week on a small account. No coin flipping though thats wild..
SPY and CVX calls tomorrow
Market didn’t take 15 years to recover. Broader market like SPY took 7 years. Dividends reinvested 4 years. And could/should/maybe isn’t worth discussing.
Everybody wants SPY 800 but I just want pictures of Spiderman.
Indeed. I passed by this! I do not want to remember it. Now, I am focused on longer dated options trading (income based) where you do not need to be glued at the computer all day. I am trading the SPX BEst and SPY Ride trades that are delivering good results. Yes, it is boring! No adrenaline. But, I prefer "boring trading" than fast adrenaline losers
I went short SPY in Friday. I'm not sure how long I'll hold that, might end up with a stop loss on Monday.
With everything going on in the world SPY puts seem like the obvious play. Sorry bulls, but it's over for a bit.
I wouldn't start back up again ever. Just buy SPY the rest of your life and focus on your family. Don't feel like you need to get it back. You only have one and being happy is more important than money.
It’s nice to see someone playing with amounts similar to me. All I’m doing lately is 0dte SPY plays. I’m still learning and I have 1200$ in my account. I only put 300 in so I’m happy with the month of small grind. I have a rule that if my position hits -15% I get out. No matter what. And on the flip side, I get out at +30% profit
SPY opens at 745 and confounds bers once again LMAO
Please SPY gimme a solid -6% on Monday baby
When inflation is 3.5% and SPY is up 18% YoY, being poor is a skill issue
people here dont remember days SPY would move .1% on most days
Weekly chart suggests we're going lower, as in SPY 675.
See what happens with the Kospi first. If the whole markets down then puts on indexes like SPY or QQQ or their related levered ETF’s would have cheaper premiums relative to SNDK. Of course if we go green the same holds true.
Aha, yes, I sure hope all my SPY CCs never exercise which would mean my 401(k) is up 5x as much as I lost on potential profit. Haha noooo anything but that.
Aren't you worried about gamma risk with selling weeklies? A study on tastytrade and the main statistic they shared is that if you hit a 2x or 3x loss (somewhere in that range) within the week of expiration then the chances of recovery are less than 20%. They were using short strangles on SPY as their test case. Mind you they originally sold 45 DTE and didn't manage the positions I suppose if you're starting the trade less than 5 DTE and you found elevated IV and so forth it's a whole different game than starting far out and allowing losses to hit 2x or more But still I've sold weeklies and gamma ramped up so much that I hit 2x loss within the day. What's your plan when that happens?
So SPY dumped to 630s when Iran war and pricing in worst case scenario. Now we are living the worst case scenario, if not worse, and we are ATHs?
***DJT ADRESSING THE NATION AGAIN AS IRAN WAR ENTERS ITS 8TH NIGHT OF RENEWED OPERATIONS:*** "MY FRIENDS... THEY SAY I DON'T WANT WAR." My friends... People have said—many people, the smartest people—that I don't like war. Wrong. I like war. No... I LOVE WAR! I love shock and awe. I love bunker busters. I love aircraft carriers parked somewhere "strictly as a deterrent.". I love hearing the words "limited military operation" on Monday and "regime change was never the goal" by Friday. Carrier groups in the Gulf. B-2 bombers in the night. Tomahawks flying so fast CNN can't even animate them correctly. I LOVE THEM ALL. My heart skips a beat whenever the Pentagon says, "We have achieved our objectives.". Especially when five minutes later someone leaks "...there are actually more objectives.". I love watching defense contractors discover record quarterly earnings. I love seeing Raytheon stock print a green candle so large it has its own ZIP code. I love when oil traders collectively forget what the word "supply" means. There is nothing—NOTHING—more beautiful than opening futures at 6 PM on Sunday and seeing the S&P down 2% while Lockheed Martin is somehow +8%. MAGNIFICENT. My friends... I don't merely enjoy military escalation. I cherish it. I nurture it. I refresh X every thirty seconds waiting for anonymous OSINT accounts to post blurry satellite images with seventeen red circles and the words: "BIG IF TRUE." YES. YES! MORE! I want DEFCON rumors. I want anonymous officials. I want contradictory Pentagon statements. Mandatory testosterone testing. I want oil at $120. VIX at 45. And SPY somehow still green. THAT... THAT IS THE AMERICAN WAY. Now... Bring me another "breaking news" banner. We're only getting started.
Still outperformed QQQ and SPY since 2000
Got 6000$ to gamble. Gamble on Spain winning or 0dte SPY CALLS?
SPY calls were definitely not the play
If you are using SPX you can accept between 4 to 8 eastern. They are also a 60/40 long/short tax hit so that’s a bonus as well. SPY you can keep selling until 4:15 est. This pertains to options.
its a shame the deep state (TM) didn't intervene to save SPY calls from 🥭's regarded truth social posts. puts on deep state. calls on regarded state.
I am genuinely tired of this cunt blowing up my calls. Either nuke the fk out of Iran or just accept that it's now the Strait of Iran. IDGAF about another ME shit hole, and having yet another war there, where we burn money and lives. FK all those clowns, including Israel. They want to clown around, then they can figure it out. I thought this fk was about America first? Because right now, this American is starting to get crazy pissed off. SPY should be at 9,000 and gas should be $1.50 to help all the mouth breathers that didn't buy an EV because of range anxiety (how many of these dumb fks actually drive over 300 miles a day and can't fathom plugging their car in when they go to bed?) Rage mode terminated.
Let me guess. Oil reserves continue to run towards empty, inflation skyrockets, they fake CPI and GDP data, and ceasefire announced that sends us to SPY 800.
Mad that your SPY always expire worthless?😂
The best strategy for **0DTE (Zero Day to Expiration) SPY options** depends on your risk tolerance, but the most popular approach for retail traders is **Intraday Directional Scalping**. Because of extreme gamma (price acceleration) and theta (time decay), holding a 0DTE contract for more than a few minutes requires precise timing. **1. Intraday Directional Scalping (Buying Outright)** This involves buying an at-the-money (ATM) or slightly out-of-the-money (OTM) call or put to capitalize on a sudden, intraday price move. **The Play:** Wait until the market opens and volatility settles (e.g., after 10:00 AM ET). Wait for SPY to test a key level (like the Volume Weighted Average Price (VWAP) or Previous Day's High) and scalp in the direction of the momentum. **The Target:** Aim for 20% to 50% returns. **Risk Management:** Do not hold to expiration. Cut losses strictly at **-50%** of the premium paid. **2. Credit Spreads (Selling Premium)** If you prefer playing the probabilities and benefiting from time decay, selling options is the preferred strategy. **Bull Put Spread:** Sell an OTM put and buy a further OTM put. You profit if SPY stays above your short strike. **Bear Call Spread:** Sell an OTM call and buy a further OTM call. You profit if SPY stays below your short strike. **Risk Management:** Because the risk-reward is inverted (you risk more to make less), never sell spreads unhedged. A standard rule is to close the position if the loss hits 2x the credit received, or if you reach 80% of your max profit early in the day. **3. Core 0DTE Rules to Live By** **Size Small:** Never risk more than 1% to 2% of your total trading account on a single 0DTE trade. **Avoid the Open:** The first 30 minutes of the market are highly volatile. Wait until 10:00 AM ET to ensure the trend is established before taking a position. **Beware of Event Days:** Avoid trading 0DTEs during major catalyst announcements (e.g., FOMC, CPI data) as rapid spikes can quickly wipe out your position. **Use Option Chains/Flow:** Monitor where large institutional block orders are executing to align yourself with the heavy volume
The best strategy for **0DTE (Zero Day to Expiration) SPY options** depends on your risk tolerance, but the most popular approach for retail traders is **Intraday Directional Scalping**. Because of extreme gamma (price acceleration) and theta (time decay), holding a 0DTE contract for more than a few minutes requires precise timing. **1. Intraday Directional Scalping (Buying Outright)** This involves buying an at-the-money (ATM) or slightly out-of-the-money (OTM) call or put to capitalize on a sudden, intraday price move. **The Play:** Wait until the market opens and volatility settles (e.g., after 10:00 AM ET). Wait for SPY to test a key level (like the Volume Weighted Average Price (VWAP) or Previous Day's High) and scalp in the direction of the momentum. **The Target:** Aim for 20% to 50% returns. **Risk Management:** Do not hold to expiration. Cut losses strictly at **-50%** of the premium paid. **2. Credit Spreads (Selling Premium)** If you prefer playing the probabilities and benefiting from time decay, selling options is the preferred strategy. **Bull Put Spread:** Sell an OTM put and buy a further OTM put. You profit if SPY stays above your short strike. **Bear Call Spread:** Sell an OTM call and buy a further OTM call. You profit if SPY stays below your short strike. **Risk Management:** Because the risk-reward is inverted (you risk more to make less), never sell spreads unhedged. A standard rule is to close the position if the loss hits 2x the credit received, or if you reach 80% of your max profit early in the day. **3. Core 0DTE Rules to Live By** **Size Small:** Never risk more than 1% to 2% of your total trading account on a single 0DTE trade. **Avoid the Open:** The first 30 minutes of the market are highly volatile. Wait until 10:00 AM ET to ensure the trend is established before taking a position. **Beware of Event Days:** Avoid trading 0DTEs during major catalyst announcements (e.g., FOMC, CPI data) as rapid spikes can quickly wipe out your position. **Use Option Chains/Flow:** Monitor where large institutional block orders are executing to align yourself with the heavy volume
The best strategy for **0DTE (Zero Day to Expiration) SPY options** depends on your risk tolerance, but the most popular approach for retail traders is **Intraday Directional Scalping**. Because of extreme gamma (price acceleration) and theta (time decay), holding a 0DTE contract for more than a few minutes requires precise timing. **1. Intraday Directional Scalping (Buying Outright)** This involves buying an at-the-money (ATM) or slightly out-of-the-money (OTM) call or put to capitalize on a sudden, intraday price move. **The Play:** Wait until the market opens and volatility settles (e.g., after 10:00 AM ET). Wait for SPY to test a key level (like the Volume Weighted Average Price (VWAP) or Previous Day's High) and scalp in the direction of the momentum. **The Target:** Aim for 20% to 50% returns. **Risk Management:** Do not hold to expiration. Cut losses strictly at **-50%** of the premium paid. **2. Credit Spreads (Selling Premium)** If you prefer playing the probabilities and benefiting from time decay, selling options is the preferred strategy. **Bull Put Spread:** Sell an OTM put and buy a further OTM put. You profit if SPY stays above your short strike. **Bear Call Spread:** Sell an OTM call and buy a further OTM call. You profit if SPY stays below your short strike. **Risk Management:** Because the risk-reward is inverted (you risk more to make less), never sell spreads unhedged. A standard rule is to close the position if the loss hits 2x the credit received, or if you reach 80% of your max profit early in the day. **3. Core 0DTE Rules to Live By** **Size Small:** Never risk more than 1% to 2% of your total trading account on a single 0DTE trade. **Avoid the Open:** The first 30 minutes of the market are highly volatile. Wait until 10:00 AM ET to ensure the trend is established before taking a position. **Beware of Event Days:** Avoid trading 0DTEs during major catalyst announcements (e.g., FOMC, CPI data) as rapid spikes can quickly wipe out your position. **Use Option Chains/Flow:** Monitor where large institutional block orders are executing to align yourself with the heavy volume
I gotta beat SPY by a wide margin after determining risk. If my risk over the year was a cumulative 100% of my portfolio and my mental bandwidth and time dedication required rivaled another job’s worth of hours and dedication I want it to pay me like it’s another job. If I’m in broad investing I wanna beat SPY by 2-10x over the year. Pay me big for picking my single stock names and regime rotation thesis’. If I’m doing broad investing with short term trading I want to win by 20-100x more over the same timeframe (usually weeks/months).
the IV crush got me more than anything, the move happened but it was this slow grinding thing so by the time it confirmed the vol had already bled out watching the position go sideways while SPY was clearly up was the confusing part, felt like the screen was broken next time i either go deeper ITM or skip 0DTE entirely when theres overnight uncertainty priced in, buying into that inflated IV is basically starting underwater
Transaction costs and taxes are the part nobody ever factors in on reddit and why so few really do any better than buying SPY and waiting
Stock sales (notional amount) are up 20% compared to 1Y ago, so is SPY. Coincidence? Maybe, maybe not...
If you’re serious about finding alpha, you should be asking yourself if Kanye’s medication status correlates to SPY.
Hush. My 8/21 $750 SPY puts are printing.
I think OP is showing cheeks regardless of what the SPY does haha
I am trading SPX Best and SPY Ride as the main strategies. They use longer dated options (80-90 DTE) and capture options time decay. No 0DTE!
I do not agree. Check to some strategies out there and you will see how nice it is to capture premium from options on income trades, like the SPX Best Trade or SPY Ride. These are only examples I am using always. And I do not regret.
**BanBet Lost** — /u/DICK_STUCK_IN_COW (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▲ | $746.17 → $750.00 | +0.5% | 1d | Lost |
Imagine he didn't tear up Obaaamma's Iran nuclear deal. Gas would be $2 and economy booming, SPY $900.
Damn this is a 840 pages book. Will look at it Thank you I am keeping my 401k regardless and not taking it off in any way, this is on top of that that I have in SPY, QQQ and other stocks, as well as options which led to this situation
Always 3 to 4 week SPY. In that case puts.
Always 3 to 4 week SPY. In that case puts.
I don't know of any broker that would report a short /es against any equity ETF as a constructive sale. The IRS has been vague about "substantially identical" and afaik - I have never even heard of a case where the IRS enforced wash sale rules when selling out SPY and buying another tracking index fund like VOO. Also - at brokers that I'm familiar - futures are traded in a separate futures account so the tax accounting doesn't take an equity and options account's positions when considering tax treatment. >Return-wise, they are quite similar no? No - because it's a derivative and factors like volatility and interest rates impact the pricing of the derivatives. You could do the same thing with a synthetic short using SPY options and it could simply look like a collar depending on how you construct it. And if you are really concerned about it - construct the hedge differently instead of shorting /ES contracts. You can always write an equivalent /ES call contract or similar spread to reduce the delta of your SPY positions.
Net smart money composite: -3.89; 13F net positioning: -5.84; FINRA short volume ratio: 0.5034; net GEX: -3,445,892,165; zero gamma level: 752.5279; spot: 750.7200; median 30 day move: -1.9 %. The filings show a strongly negative smart money reading and a short tilt among 13F holders. Short volume sits at 0.5034 which matches the trailing level, indicating no shift in short pressure. Historically similar signals have produced a median 30 day decline of about 1.9 percent. Full breakdown: [kresmion.com/research/SPY](http://kresmion.com/research/SPY)
The interface problem is real, most of these tools bury a simple task under a hundred controls. If that's your frustration, [skeptic.fyi](http://skeptic.fyi) is worth a look precisely because there's no interface to learn, you just type what you want in plain english. Literally "buy a SPY straddle at the money, hold for a week, repeat weekly" and it runs it. No tutorial needed because there's nothing to configure. One free run, no signup, so you can test that exact straddle idea in about a minute. It fills at real bid/ask instead of mid too, which matters on straddles since you're buying two legs. The uncategorized wiki list is rough for a beginner, I remember bouncing off half those tools for the same reason you hit with OptionsPlay. The plain-english thing basically skips that whole learning curve.
That exact strategy, sell a SPY credit spread at a set delta every open with a TP and SL, is basically the thing [skeptic.fyi](http://skeptic.fyi) is built for. Multi-leg, delta targeting, take profit and stop loss, all describable in plain english so you're not wrestling raw chain data. One free run, no signup, so you can play around before deciding anything. Two things worth knowing since you asked about features up front: it fills at real bid/ask instead of mid, which matters a ton on credit spreads because mid makes them look way more profitable than they'll ever actually trade. And it tells you when your sample's too small to trust instead of just handing you a nice curve. That honesty is why I stuck with it over the free tools that make everything look amazing. And yeah your instinct on raw historical options data is right, it's a nightmare to work with, that's the whole reason these tools charge for it. Let something else digest it for you.
When the last bear buys the seventh call, silence hovered above the SPY.
Not remotely true. I’ve had a 40.91 ror from March to July and a 28.84% annualized rate of return. SPY is up 19.08% over the last year.
The SPX put spread price was different when I replied. I will take your word that SPX has a higher premium because it is based on your experience. I will explain from a different angle. SPX 7610/7615 = 0.60. Max loss = 500. SPY 758/763 = 0.38. Max loss = 500. Assume the SPY 758 is $1 ITM, the loss is 100. A $1 change in SPY will have a corresponding change of $10 in SPX. The SPX call spread will be ITM at max loss. The SPX spread has a higher probability of max loss than the SPY. Hence, the higher premium.
option sellers on mag7/SPY/QQQ.
**BanBet Lost** — /u/IWishIwasAwhale1 (1W - 2L, 33%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▼ | $746.45 → $740.00 | -0.9% | 1d | Lost |
**BanBet Lost** — /u/mbr4life1 (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▼ | $746.94 → $732.00 | -2.0% | 1d | Lost |
Not sure about memory tbh, I only trade SPY. Usually when VIX spikes +10% there’s a relief rally on SPY the days following so MU might bounce too
The comparison breaks because you are matching notional but not proportional width. SPX near 7,600 with a 5 point long wing is a spread that sits about 0.07 percent of underlying wide. SPY near 760 with a 1 point wing is about 0.13 percent wide, so your long leg is proportionally twice as far out. The wider proportional spread on SPY buys back more extrinsic with the long, which is exactly why it nets less credit for the same short delta. Normalize on credit divided by width instead of raw credit and most of the gap closes. What is left is real but it is not free: it is compensation for SPX being cash settled with no early assignment and no pin risk, plus the 1256 tax treatment. Same short delta does not mean same risk when the long strike is sitting at a different proportional distance.
>A 758/763 would carry a $500 max loss while a 7610/7660 carries a $5000 max loss. You could simply open a 7610/7615 with a $500 max loss and collect more premium than the spy example. One SPX 7610/7615 = 0.15, max loss = 500. One SPY 758/763 = 0.38, max loss = 500. SPY > SPX.
**BanBet Created** ▲ | **Record:** 5W - 0L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **SPY** | $755.00 (above) | $743.29 | +1.6% | Jul 23, 1:34 PM |
look at the weekly on anything, most of the market rolled over a month ago on stochastic and is about to roll on MACD. SPY is super close. next week will be important.
**BanBet Lost** — /u/Psychological_Fly109 (0W - 2L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▲ | $744.80 → $750.00 | +0.7% | 1d | Lost |
**BanBet Lost** — /u/djrlrp (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▼ | $745.03 → $600.00 | -19.5% | 1d | Lost |
SPY monthly technical looks ugly. Bad earnings coming in and we see big gulp blood red
Your conversion is wrong. SPX is 10 times SPY. A 50 point wide SPX spread is equivalent to 10 5 point wide SPY spread. Using the July 24 calls to compare. SPY 758/763 call spread = 0.38. 10 x = 3.80. Delta of 758 is 0.096. SPX 7610/7660 call spread = 3.55. Delta of 7610 is 0.093. Proceeds of SPY > SPX.
If that happens the entire market and every index, especially SPY is fucked.
Would be great to see an actual example. Maybe the bid/ask spread is larger on the SPY contracts you are looking at? What you are describing sounds like a huge arbitrage opportunity, which is very unlikely to exist in such liquid tickers.
Thanks. My concern isn't Section 1256 treatment. I've held SPY continuously since 2006 as a long-term investment. I'm considering occasionally shorting ES only during regular market hours (9:30–4:00) and closing it before the close, while leaving my SPY position unchanged. Could that intraday hedge ever trigger the constructive sale rules (or tax straddle rules) and cause any of my unrealized SPY gains to become taxable, even though I never sold the SPY? "futures have traditionally not been considered substantionally identical to equity funds that track the same index." - Return-wise, they are quite similar no? except for the exp(-rt).
I usually just play SPY just cause it’s what I feel most comfortable with in terms of price action. I did play MU once tho and make a nice lil profit. Might do it again :)
Nice! But I trade mostly income trades on SPX and SPY. The strategies I trade are, by nature, not directional... so, I skip all the above analysis... I do not care when and why I need to open a trade. Both SPX Best strategy and SPY Ride trades are delivering good results. No need to guess where the market is headed. No need to be glued on the computer every day. They do not need so frequent adjustments. Just piece of mind and let Thete work for me!
Dumb comment. “People acting like geniuses because of what happened now”. No, you don’t need to be a genius, but as a trader you at least need to have situational awareness. Among other things that means: watching the indices (SPY/QQQ already started to chop in early June for example), watch the leading stocks, track sector rotation (plenty of other sectors that have been going up (healthcare, insurance, biotech) while high beta/tech has been getting crushed). The market gives feedback all the time. It’s important to know when to take the foot off the pedal and step back. You can’t always keep pressing hard, that’s how you blow up your account.
What’s the play for next week? Same thing SPY? Why most are upset about it is amazing. The casino is the casino. 🤷🏻♂️
Realistically like how high do you think SPY could've gone today if you weren't regarded lol
**BanBet Lost** — /u/madcowdiseasereeee (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▼ | $754.81 → $740.00 | -2.0% | 2d | Lost |
Get you a SPY call and get back in there champ.
SPY ATH next week, clock it.
Black Monday, boys?! Loaded my gun with a couple dozen 740 strike SPY puts. I seriously think they might print hard
being on this sub is what keeps me off the gambling. I look at SPY, say oh it will go up from here about Y% \*it goes up Y%\* then oh it will go down down x amount it goes down x amount. So I try it with an actual options and it kill my port. This sub keeps me grounded and I get to vicariously gamble.
**BanBet Lost** — /u/RealSchweddy (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SPY** ▲ | $754.81 → $760.00 | +0.7% | 2d | Lost |
Easy, just beat it one year and then put it all into SPY for the remaining 9 years.
China just won the AI race SPY going to zero