SPY

ThrowAway405736294

Get SPY and be done. It’s insane to me that people still fall for this stuff.

ameis314

Any better options than VOO and SPY?

Jebusfreek666

GOOG, MSFT, AMZN, and META all miss earnings, and give poor guidance. Then Jpow gives a surprise "fuck you" and does a 50 bps hike. Top all that off with Iran attacking the oil infrastructure of the Gulf countries friendly to the US setting us back 20 years in production. Can you tell I have some near worthless, way out of the money puts on SPY expiring soon?

HalaMadridPapaFlo

SPY to reach 782 after earnings tomorrow. 

Sober_Alcoholic_

People need to find a ticker under QQQ and/or SPY. Theta has virtually completely taken hold of 0DTE contracts on them.

SuffiecientSapian

I’m leaning 80% pulling the triggers. Give myself 1k to fuck around with on SPY or QQQ calls and call it a year at just above even with how shit this market has been. One tweet can fuck my entire week in an instant, too exhausting

sudharsansai

By pumping SPY to Valhalla LMAO

ImthatRootuser

SPY dividend payday is in two days. Time to go to my favorite massage therapist 😁

Beagle001

Ok so oil going down. Eagerly check SPY. :(

billionsandbillionsa

The point is to not get assigned and continue to sell covered calls everyday. If it does get assigned then turn around and sell puts till it does get assigned. This strategy isn’t supposed to beat The S&P. It’s only supposed to collect premium and treat it like an extra dividend for owning SPY. You don’t get rich from the premium. Your account grows as SPY grows. It’s a buy and hold strategy with CC premium income

Secure_Dog3810

lmfao if this headline was even mildly positive SPY would've shot up 1% in minutes. unreal

LaughingIntoTheAbyss

Yup. It just didn't sound like that's what your personally strategy is. Lots of Wheelies just look to sell puts with never taking assignment. But, if you're selling a CSP on SPY, you have to allocate over 70k to possible assignment. How much do you have to sell a SPY CSP for to meet whatever your monthly or annual target is? If you wanted to make 12% a year on 70K you'd end up the year with $8,400 at the end of year. Divide that by 12 months and you have to make $700/mo on CSP's. A 24% ROI and you're up to $1,400/mo. I'm not the smartest guy, so check to see if my math, maths, or if I'm missing something. Lots of people run their wheel strategies a little differently.

Dis_shite_rite_her

Starting to wonder about them SPY leaps and QQQ leaps I have been eyeballing.

SuperbSandwich

I’m thinking of buying SPY puts dated a couple months out tomorrow or Thursday, if there’s a rally. April CPI/PPI (releasing 5/12 and 5/13) may cause a shock

dljmonkeyboiz

Damn it 🌮 .. send SPY to 500 and he’ll remove the blockade

SuffiecientSapian

I got MSFT calls but they always fucking tank am I better off just grabbing SPY calls?

JPM1216

just need a bull market like a 12% SPY run up to ATH…

LaughingIntoTheAbyss

But suppose it just keeps going up and it doesn’t go below your strike price? You’ll never get your 100 shares assigned. Which is fine for a wheel strategy, just doesn’t sound like YOUR wheel strategy. Sounds like you’d be losing money in a bull market rather than just investing it in SPY and leaving it there. A lot less work too.

sudharsansai

You woulda lost money like crazy. I'm not even joking, most analysts have no fucking clue what they are doing. Also, they have a lot more incentive to be with the pack than be different. So they end up having the herd mentality and converging on the same ratings. That way, when they are wrong, they can say everyone got it wrong and they get to keep the job. The same reason why most fund managers underperform SPY

Naturalized-Cowboy

Put 50% in SPY and 50% in QQQ.

RockasaurusRex

SPY being +29% on the 1 year is not sustainable. But it's not nearly as unsustainable as when SPY will hit +50%. And that's nothing compared to when it ends up being +100%. And if you think that's bad wait 'till it hits +500%. But what will be even more unsustainable is when it hits 10,000%...

Valkorion335786

#Al Discussion Summary of the After Hours Thread • There is a lot of discussion about buying and selling SPY (SPY), with some stonks falling and others on the rise • One WSB’er said something obscene about Asian women, spurring others to make jokes or feign offence • Someone is fuming that their flight leaves before market open • The gang are predicting losses for bears and recommend buying a bag of Elon Musk

jsie-iaiqhsi816278

SBUX mooning on earnings means SPY 800 EOM becky is THRIVING

tombrady011235

SPY 864.7

Elegant-Speaker5825

I have a feeling that FOMC is going to be a bigger factor than earnings tbh. I can’t imagine Powell being dovish with the current job market and latest CPI readings. I could imagine most beating expectations, but Powell will likely ruin the party. Even a couple on par readings and maybe a miss or two would be rough for SPY.

Defiant-Salt3925

That's why I always recommend owning SPY over VOO. Liquidity is King.

Unlikely-Evening2919

broke ass bitches bought puts expecting SPY goes down tmmr 🤣🤣🤣🫵🫵🫵 fkn losers HAHAHA

Shoganai_Hito

I’m waiting to play SPY calls as proxy as well… after the FOMC is announced to digest how the market takes it. Should help lower IV as well

shindiggaa

I bought SPY calls as a proxy for the big earnings plays this week. FOMC wasn't even on my radar. If jpow throws a curve ball tomorrow I'll be fucked.

SoothingWafer

SPY to 900 if JPow opens any address with "Okay listen up pigfuckers"

alecmerkel

SPY 710c NVDA 215c AMZN 260c Sold NVDA puts today and betting on good earnings

Ok_Persimmon9849

SPY AH chart is truly wild lmao

Shoganai_Hito

1 more day until I yolo $10K on SPY calls… gonna buy 15 min before market close tomorrow for expiration this Friday.

hallett21

Is it too much to ask for SPY and USO to pump together?

Chickenbutt82

0DTE, now that’s Vegas. SPY has been difficult lately. These gains balance out what I fubar’d on the SPY. 😆

Optionally_Invested

I once ran a simulation on historical SPY data. Selling +5% to current price 21-35DTE puts may give an extra 7% gain on 4-5 years distance. Assuming that you also invest the premium at the time of assignment.

Neel_Crashkari

Who in their right mind trusts Kash Patel? SPY 800c 7.2027

SherbertOk2563

Here comes the pump. SPY they always pump after hours

Double_Suggestion385

No one cares about gold, we are talking about whether you have underperformed the indexes over that time frame. You're avoided the question twice now so we can all guess the answer. You should go and calculate just how much you've lost over that time frame by not just buying SPY or QQQ. I think you'll be devestated.

Perfect-Loquat-7791

VOO’s thin options chain is the cost tradeoff. Forcing covered calls can lose edge via wide spreads. Try fewer trades, longer DTE, or pay SPY’s fee for liquidity and tighter fills

Hwangoutpltr

Three potatoes in my ass rn SPY 718

Worldly-Ad4969

SPY short term OTM bull put spreads and longer term ITM bear call spreads. Can't call a top but I can play the long side until it goes belly up.

North_Teacher_7522

SPY 69000?

chimera240495

!banbet SPY 700 2d

Rvin16

If you can’t discipline your child and buy SPY calls don’t have children simple

ZonkTrader

I hope this is in your IRA. These are very micro gains to be messing with the reporting on Schedule D if in a taxable account. Your strategy isn’t bad just so small. I guess if you rarely get assigned it’s just increasing the dividend but just holding SPY gets you about $30 or so a week in actual dividends. I used to sell SPY, now I sell SPXW for the tax benefits.

Concept-Plastic

SPY beat 🌽 by 40% in 4 years. CANT MAKE THIS SHIT UP 🤣

bzl33

the "cash on the sidelines" narrative is bs, Americans are illiquid as ever. That's why even a 30-35% decline in $SPY will be more brutal than whatever the final decline was for 2000s bubble.

moosewithamuffin

Just buy SPY or QQQ

Bennylegend

SPY really rallied like 80 dollars in a month. Manipulation

Spencer1006

If Joe Biden didn’t ruin the economy in his term, SPY wouldve been at 800 easily. Glad Trump is fixing the mess though

ThetaEdgeHQ

HolaMolaBola is right that selling SPY against VOO is the practical workaround but the size mapping matters. SPY trades around 1.09x VOO so 1 SPY call hedges roughly 91 VOO shares, not 100. Most people who try this end up either over hedged on the call side or chasing strikes that do not actually correspond to where their VOO would breach. The cleaner version if you have margin is to size the SPY contracts off your VOO dollar exposure rather than share count, and pick a SPY strike that maps to the VOO level you would be willing to part with. Other option that gets ignored: VOO monthlies 30 to 45 DTE actually have wider quotes than the weeklies but tighter execution because market makers will work the spread when the order sits. Posting a limit at the midpoint and letting it sit 10 minutes usually beats hitting the displayed bid.

AlrightMister

They have a pipeline to the gulf of Oman. The gay of Hormuz can get fucked. SPY calls.

HolaMolaBola

They will be naked calls instead of covered calls. But not so naked, really, because they're backed by collateral that moves either identically with the underlying (SGOL & GLD) or nearly identically with the underlying (IEMG & EEM) or moves "close enough" with the underlying (SPHQ & SPY). In the "close-enough" case it may be wise to not be too aggressive by writing calls against the entire position. eg. Start with the amount of capital invested in SPHQ currently. For example, $150K. With SPY's current share price at $711.62, that $150k translates to about 211 shares of SPY. If both SPHQ and SPY moved identically or even nearly identically with each other (they don't) then writing 2 SPY calls would be safe. But since SPHQ and SPY really only fly in loose formation with each other, I would avoid writing calls against the entire position.

SouthNice7324

SPY being +12% in a month is unsustainable. However, I did say that at +9% and +11%. I will likely say it again tomorrow night at +15%

Miserable_Half_4612

# The YOLO millionaire trade ( trust me bro ) [](https://www.reddit.com/r/wallstreetbets/?f=flair_name%3A%22YOLO%22) Tomorrow late afternoon the market is gonna rally hard buy 1DTE deep OTM calls on SPY and QQQ, go full port! Nothing held back, really deep OTM. All the blockbuster tech earnings are post-market, Thursday mega rally some 750 ++SPY A meeting or a deal will be announced, it's all scripted. Be kind and donate some winnings to me! Lambo money boyzz.

Hot-Ambassador8740

Oil at all time highs and SPY at all time highs. Fuck yeah

nationalist77783

Longing SPY. VIX, ema levels and everything is leading me to believe that we will see a very bullish GOOGL earnings and we will do well overall.

Krammsy

Liquidity is very low on this stock's options, this is why stocks like MSFT, NVDA, AMZN or index funds like QQQ or SPY are so popular, there are far more buyers & sellers at various prices and expiries for those. Options trading is a lot different then stocks, in stocks you can occasionally speculate on a riskier company, but in options those companies usually have low liquidity and bid/ask's make it impossible to trade. Though a company like HAL isn't that risky, it's just not a popular option vessel.

CurrentRoutine7392

past 21 trading days… SPY's worst red day just -0.63% meanwhile oil is $100… yeah ok

Gullible_Parking4125

The data confirms your suspicion: the "Expense Ratio Trap" is real when it comes to VOO options. Based on a liquidity analysis I just ran, VOO options have an average bid-ask spread of **\~0.20%**, while SPY sits at **\~0.08%**. On a $100k portfolio, VOO saves you about **$60/year** in fees, but you can easily lose **$100+ in slippage** on a single VOO covered call trade compared to SPY. Since you can't sell VOO due to unrealized gains, here are your three best paths forward: 1. The "Cross-Ticker" Strategy (Best for Liquidity) You don't actually have to sell VOO calls. Because VOO and SPY have a **1.00 correlation**, you can hold your VOO shares and sell **SPY calls** against them. * **The Ratio:** VOO and SPY don't trade at the same price. Currently, 1 SPY contract ($71,164 notional) is equivalent to roughly **109 shares of VOO**. * **The Catch:** Most brokers won't automatically see this as a "covered" call. It will likely be treated as a "naked" call for margin purposes, though the VOO shares will offset the risk in your net liquidation value. Check your "Buying Power" impact before doing this. # 2. Use XSP (Mini-SPX) Options Instead of SPY, look at **XSP**. These are mini index options that are 1/10th the size of the S&P 500 (similar notional to SPY). * **Tax Advantage:** XSP is a Section 1256 contract. This means 60% of your gains are taxed at the lower Long-Term Capital Gains rate, regardless of how long you held the option. * **Cash Settled:** There is no assignment of shares. If the call ends up in the money, you just pay the cash difference. This protects your VOO shares from being called away (and triggering that tax bill you're avoiding). * **Liquidity:** Better than VOO, though still not as tight as SPY. # 3. If you must stay in VOO: "Work the Mid" If you stick with VOO options, never use market orders. * **The Strategy:** Place a limit order at the "Mid" price. If it doesn't fill, move it by $0.01 every few minutes. * **Volume:** VOO options are often "thin," meaning the screen shows a wide spread, but market makers will often step in and fill you near the mid if you are patient. If your broker allows the margin, **sell SPY calls** or **XSP calls** against your VOO position. You keep the low expense ratio of VOO and get the institutional-grade liquidity of the SPY/Index ecosystem.

Certain-Activity733

So I lost a bunch on puts after March. I decided to start a 1/15/27 SPY 900 Call. I have 5 positions. My reasoning is to unload as SPY goes up this year. How regarded am I?

SouthNice7324

SPY today had the joy of a tax form

Educational_Soft_722

Can you reach how to make those choices with call/puts with QQQ or SPY ? Strategy

LaserBeamer17

*SPY drops 0.50% on some bullshit Open AI “earnings”* Bers: LMAO BOL ARE SO FUK, WE TOLD YALL 😂 🫵👺😋 *Zoom out to SPY +12% in one month*

GrossFleshSack

I made good money on SPY calls today, made up for my loss on CVNA put. Feels good to be a SPY bull.

Subject-Narwhal-2926

Breaks my heart to see SPY all sad and droopy. Reminds me of when I killed all my gfs plants opening the window in winter to smoke weed.

PalpitationSmooth992

everything crashing while SPY treads water worst market ever

fire_alarmist

LOL why is SPY halted again? The most liquid index in the world CANNOT in good faith sit at the same 1-2 cent range for that long. Imagine buying that trash

ShittyUsernane1222

\> Volume is growing \> SPY on a down trend while Volume is growing extremely bullish signal /s.

LeagueofData

A .50% drop in SPY is fucking criminal. Should have dropped at least 2%.

bosco2110

Bye SPY

Muted-South4737

Schrodinger's calls: if I sell these 1DTEs for nominal profit/loss today, SPY rips the faces off of everyone and tongue punches the moon's fartbox. If I hold overnight, the market suddenly becomes rational and they go worthless. Do I sacrifice for the greater good?

cool_and_sexy_01

They made trading SPY ETF a complete waste of time

Jagged_Tide

If SPY hits 718 EOD I will personally buy everybody who upvotes this a frosty

GoldenAries4

SPY is a dumb piece of shit. Please die. I hope this is just terminal lucidity.

Aggravating_Fig6288

25% more and I can get out these calls for break even, that’s just one criminal green candle SPY, bless our calls

LastPeak6412

wow SPY 712 thank you!

Zephyruos

Go SPY, if you're doubg LEAPS do the monthlies for more liquidity.

Sufficient_Insect812

I full ported SPY ETF at peak, am I cooked chat

SouthNice7324

There is a gap on SPY at 660. But who cares

baadllama_ghost

it was all a dream SPY 715 EOD didnt think they'd let that gap stand

Muted-South4737

That's okay, SPY, you can try again tomorrow.

Alternative-Mode-365

Calls just crossed Puts on SPY

Glum_Emergency_9302

Can SPY hit 713 before 3:30?!

hv876

If your objective is trading then you want liquidity. If you’re buy and hold, you lower expense ratio. Is the difference meaningful in theory, no. E.g., since 2010, 10K invested in VOO would have compounded to 86K vs. 85K for SPY. Is that meaningful, probably. Would the difference be higher if you factor in DCA and higher investment amounts, probably yes. Question is, why not get the extra money if all you’re doing is buying and holding. And if you’re trading, you better beat then SPY return plus the extra money you’re leaving behind.

WSB-mods-are-

Buying SPY calls at ATH is always a great idea 💡 

DiamondG331

I got f****** pretty hard the two days that the market ran up. However, I only setup bearish call spreads assuming we would drop again..only for the market to keep going and going. As of last week, I’m back to I. Condors. $1-wide yes, you get the most premium. 2dte in case IV spikes or the market moves and unexpected amount in a short time. One mistake I’ve made was setting up strategies too early in the day. It’s Best to wait until 1-2pm to get a better idea what to anticipate for the following day. Also, avoid QQQ/Nasdaq, I’ve only ever lost trading the Qs. Can move too wildly. I still Prefer SPY but now that Robinhood has XSP to trade after hours from 8:15p-9:25a, I am setting up condors on XSP as well. You don’t get as much premium, and spreads are wider, not enough to justify the tax benefits like some people assume.

Muted-South4737

SPY 720 tomorrow

Mobile-Bar7732

He's already stroked some of the index management to change the rules of the Nasdaq 100 to include it (after 15 days, I think). Which means it will be included in QQQ and eventually SPY, etc. Hopefully it bombs within 15 days.

LastPeak6412

SPY 711 CALLs 0DTE easiest play

LastPeak6412

SPY TO 711 baby

fire_alarmist

Why is SPY halted LOL???

Jagged_Tide

Fun fact: “SPY” is short for spyderman, the creator of the NYSE

Valkorion335786

Anthony Mackie requested a Black Widow love story "multiple times" SPY 715 close confirmed

hiphopanonomos

Bears should stop shorting SPY and go after stuff like Gold or ASTS, shit is incapable of pumping even during mass greed senitment

Popular_Song3371

The SPY who shagged me

weewoowewoooo

Tech companies don’t use oil so they don’t give a fuck what price oil is. SPY will continue to pump when it’s so tech heavy lmfao

abroadbroadband

Remember when SPY 700 was a joke? What the fuck are we doing up here, this doesn't feel right!!!

LastPeak6412

SPY holding 711 nicely