SPY

EnginrA

Just need to 10x 4 times, it’s possible with SPY 0dtes

teenagemausoleum

i am also 19. why would you choose SPY and QQQ over something like VSVNX or FRBDX (target retirement 2070 funds)?

zhouyu24

Download robinhood and mess around. It's easy. But truly at the end of the day I would just recommend buying SPY shares instead of degen gambling with options that most people here do.

rawchickennudes

Congrats, OP! Thanks for sharing your trades. Looks like at least RGTI was a covered call, were the others covered or naked calls? Any concern naked calls might get assigned? This is my current sticking point for not starting with calls, much as I want to try with SPY, for example, I can't cover 100 x SPY shares at this time. Thanks for any feedback.

GrandmasterHurricane

Take out 30% so you can handle your taxes. Put another 30% in SPY. Another 30% to invest in your education, learning a high income skill. Use 10% to keep playing options

MyOptionsEdge

If you want to learn the basics, I would recommend www.optionalpha.com or project finance channel on youtube. For real trading strategies, I recommend SPX Best Options Strategy ( https://youtu.be/s1uRLJFZODA ) and SPY Ride Trade from https://www.myoptionsedge.com/

nonner101

If this were me I'd buy 100 shares of SPY to sell calls against, and put the rest in SGOV

Graphox126

Dude, take a step back and take a deep breath. It's just money. You are way more important than this made up system of numbers. I get that losing a lot can bring you down mentally. I lost 3k last week myself, and im not rolling in money. That really fucked my week up, but I came back swinging and clawed back 2k of it so far. I have developed coping skills to handle these negative mental states due to therapy from two mental breakdowns in the past. I recommend DCAing on SPY and VOO and staying out of speculative trading for a while.

DefinitelyNotMad-

SPY calls FTW 🙌

PatriceEzio2626

Time to YOLO into 0dte SPY this Thursday, you will 10× your portfolio. 

Dry-Recipe6525

Exactly, fuck SPY, find the next Nvidia, or just buy RDDT 200c leaps

tortilla4masclol

Put 70% in SPY, VOO. The other 30% keep doing this, eventually lose it and learn that YOU COULD’VE LOSE 100% OF IT ALL THE SAME.

Nuclear_N

I buy DITM SPY and QQQ call options every new year for 3 years out. Have been doubling my money most of the time since 2019. I panic sold in 2022, and lost my mind. Should have held long as 2023 it all came back. Right now ready to roll them out to 2028.

NVDA15003252025

You’re 19, put 40% of that into SPY and 40% into QQQ. Keep 20% and keep doing what you’re doing. And oh focus— on your education, whether it’s STEM or a skilled trade. Trust me when I say this, your education today is the best investment you can make. Or you can lose it all next year on one bad trade and spend the rest of your life driving for DoorDash or UPS

PersonalStorage

Yes and no. What you've explained is similar to my approach for buying ETFs. Here's how I typically do it: 1. I decide to buy an ETF like SPY, VOO, VT, or others I already own. 2. I usually aim to purchase increment of 100 shares. 3. Instead of buying directly, I sell put options. 4. The strike price is based on current IV and market trends. It can be lower, equal to, or higher than the current price. 5. This process is mostly automated for me. 6. If I get assigned, great! I've acquired the shares at a discount. 7. If not assigned, the process repeats until I reach my desired quantity. I recall some instances where I wasn't assigned for 6-7 cycles. Again, this is mostly an automated process. All I need to do is set the desired quantity, and my code takes care of the rest.

DefinitelyNotMad-

I also had 597 & 600 SPY calls, did great.

Technical_Two_99

Nice win on the bet. I ask ChatGPT what the chances were through SPY lifetime here was the result. **Daily Price Changes:** * **Up Days:** Approximately 52.6% of trading days. * **Down Days:** About 43.7% of trading days. * **No Change:** Around 3.6% of trading day

foggyharbour

The first thing I suggest you do is go to a financial advisor/wealth management specialist. Do not take advice from anyone here or attempt this yourself. And don't go to some dumb fuck at the bank either, I mean go to a good one who charges a fee for their time. You're set for life with this money, don't gamble with it, your father worked hard so you could have a good life, it's an insult to him if you squander it in 0DTE SPY whatever or some "growth" stocks that will probably not go anywhere but down. If you don't have one already, should buy a home. Depending on your personal goals and where you are in life, you can consider upgrading your qualifications so you can pursue a good career and have a steady flow of income. You can also put some in a TFSA (if you're Canadian) or Roth IRA and then buy an index fund. Buying an investment property and finding good, quiet tenants is also a relatively safe idea. Don't pursue high risk investments, you have enough money to last a lifetime. Good luck.

hoidzaheer777

Hedge funds technically exist 60% underperform SPY 

stubsies

I’m not selling until jan 1st for tax purposes. Since it was such a positive year for most of us, maybe everyone else is waiting until January to sell. then there would be no downward pressure on SPY come friday

Upper_Tradition_984

My bad that’s me and my squad after coming up from SPY 

Megaloman-_-

My advices: 1) stop asking for advice in this sub 2) take your losses 3) forget forever about buying options 4) start investing in SPY 5) when you accumulate 100 shares, you can start selling some covered call at low deltas

Master_Public4697

Win the 13 mili lotto and funnel it all into 0DTE SPY

Slipperypuppy25

12/18 SPY dump

fuglysc

Lol wut? SPY went up 1% in half a day of trading today...if tomorrow was open why would it go up another 1%? You think it should go up 1% every day during Santa rally?

Slipperypuppy25

!banbet SPY 610 14h

ZombieEmbarrassed746

Yes. 2 weeks out tops. GOOGL, NVDA, META, SPY, AMZN. You’ll retire if you buy them Thursday and hold until Tuesday.

AtlasComputingX

Shoulda held my fucking SPY 600c

Master_Public4697

SPY 604 EOD Thursday

Varsitybw13

Buy SPY, TSLA and PLTR calls for end of February. This will sky rocket once Trump is in office

eskhalaf

669 SPY 2025

ManyCommunications

Good thing I have SPY calls and not NASDAQ calls

Entire-Box-5291

I completely understand how you feel, especially as a trader, it is easy to get concerned about valuations and a possible pullback in the market. Trying to time the market is really difficult, especially when the stock market always moves in unexpected ways. As for my view on 2025, I believe that some long-term trends will continue to drive the market, such as the continued development of artificial intelligence, electric vehicles, and clean energy As for RIVN, I think it does have the potential to become a major player in the electric vehicle market, but it can be risky to focus all of your investment on a single stock, especially a high-growth, high-volatility stock like RIVN. Perhaps consider diversifying your investments and putting some of your funds into ETFs (such as SPY or QQQ) and leaving the rest in stocks you are optimistic about, so that you can participate in market growth while reducing the risk of a single investment failure If you are still afraid to enter the market now, you can consider regular fixed investment (DCA) and buy in batches over a period of time, which can reduce the psychological pressure caused by market fluctuations while gradually building a position. Ultimately, investing should still be in line with your risk appetite and long-term goals, and I am sure you will find the strategy that suits you best!

dogefool88

If anyone has guts to calculate, here’s the challenge. I bought 500 contracts SPY $603 Call 12/26 at 0.11 and sold at 0.42. What is my profit? My principle: when options are in profit, cash out and if needed open another position

Master_Public4697

Does SPY like to pop vertically up on New Year’s?

Master_Public4697

Running 0DTE SPY Calls until Friday close. May play 0DTE in January as well if bullish momentum remains.

Usr7_0__-

So here's a question based on what you wrote (and my own concern based on decay): my brokerage research section says a $10,000 buy of TQQQ on Dec 31, 2013 is worth $320,000 on November 30, 2024. For the same time period, $10,000 in QQQ went to $63,000. The question is, was the TQQQ $10,000 buy really worth $320,000? If we assume the QQQ will trend higher over say four decades, could we likewise assume buying a small amount, and adding on extreme drawdowns, would significantly outperform QQQ? What about a 3x SPY investment? The S&P even more so than QQQ I would assume would be less risky?

Informal-Reading4602

Sell and never do options again lol. But would probably hope and pray for a nvidia before Jan to atleast break even. if not sell it and lick your wounds. SPY calls are pretty easy.

ranting_chef

I can’t imagine any bank in their right mind lending money to someone to invest in the stock market. I meant to only hold my TQQQ for the first day when I bought it, but I didn’t sell it in time and it ended up skyrocketing the following day when I planned on selling it. So I kept it and watched it go up and down more erratically than Bitcoin. And eventually I decided to just leave it there after I took out my original investment and put it into SPY. It has good days and bad days. And REALLY bad days sometimes, but it continues to outperform as long as it’s not on a losing streak.

Master_Public4697

0DTE 604 SPY calls are my move for Thursday. History makes it look too good not to be regarded and test.

harrison_wintergreen

>I put some of my money into the small cap and mid cap funds, but they haven’t performed as well. that may change in the future. https://contrarianoutlook.com/wp-content/uploads/2016/09/SPY-Midcap-Smallcap-20yr-Chart.png

Real_Reflection7063

Grabbed some 605C weeklies on monday, sold 7 today to make them free so crossing fingers and hoping the other 13 hit so  !banbet SPY 605 3days

BolshoiSasha

If you’ve got balls and learn SPY calls you can unironically do this

GraceBoorFan

You’re good. SPY will gap up in premarket and open at 603-604 on Thursday. Markets will rip hard to make up for a missed day of the week.

DarkVoid42

better buy some SPY then with all her remaining wealth and forget about it.

sebach22

All I want for Christmas is $SPY 615 by 1/3

Leading-Loss-986

I dunno about this week, but I bought a few SPY $610 calls for 1/3, and after today they look pretty good!

Savings-Strain8481

Why did SPY rocket the whole day and then NVDA decides to do a gay ass dump while spy still runs

Imgoin2brich

I don't understand. How did you lose it?? It's been up for 3 days big non stop. I've made like $26k in 2 days by just going long on SPY and DIA stay away from the ahort dated options bro

Star_Lord924

I have 150 contracts for 608c with 12/27 exp. My expectations was SPY will test the ATH as well. Good luck to us all.

burrowed_greentext

SPY 700c weeklies are an appropriate investment It should be included in all investment portfolios 700 would be a 15% gain from current levels which is very good return even for modest investors!

throttlebodies

I have $7200 now. Thinking about full port SPY $601 calls exp 12/26

Plus_Refrigerator839

i think the same bro. Everything squeeze to atleast $605 SPY IMO

Master_Public4697

SPY on the uppity up even more on Thursday?

Ok_Sprinkles_6597

Love this strategy. Do you only trade this strategy when the strike price hits the upper or lower end of the bollinger bands. What time frame on the SPY chart do you use to trade it ? 1 day, 1 week 4 hrs? I day trade the spy and make small profits $30 to 60 a day as I’ve just started out. I use the TTM squeeze indicator , and buy/sell indicators. Primarily use the 1 minute and 5 minute charts. I’m usually in and out in 1-3 minutes due to low risk tolerance. I wonder if buying contracts way out n time is a better strategy? What’s your experience and percentage wins using your strategy @redball8974

Plus_Refrigerator839

bro is delusional. FOMC meeting got SPY down. why would it tank 3% after fomc recovery?

banned_boyz

Currently chilling in a nice ass cabin with my wife and son in big bear with my ACHR gains. Missed out on grabbing calls in the morning on SPY cause my dumb ass was hungover and woke up late

TwiXXXie96

!banbet SPY -3% 7d

tacobliss

Dear Santa, this Christmas I want 24/7 trading, a massive bull run, 🌽 to $200k, 700 SPY. I’ve been a good bull this year, except when I sold in April and a little in August, but I recovered the losses and bought extra 🌽. I promise not to sell next year and to buy every dip. Also please give my neighbor lots of coal for being a 🌈🐻. Love, diamond hands.

Key-Mark4536

That’s a good point, a LEAP on SPY is kind of like leveraged SPY. Maybe a [synthetic long](https://www.optionsplaybook.com/option-strategies/synthetic-long-stock) so the downside is a slope rather than a cliff? (Not a recommendation OP, this is pretty complicated stuff. I’m not sure I understand it.)

Ralans17

SPY hasn’t yet fully recovered from last week’s dip and we’ve got sartorially to boot. Looking for some big up after Christmas

paloaltonstuff

People say you shouldn’t hold the leveraged ETFs but back when I was looking into this some years ago there was research showing that 2x ETFs were supposedly mostly safe to hold over a long period in many different market conditions. I’ve held SSO for many years but most of those years have been positive so my example is just anecdotal. When the market dropped I’d move more SPY into SSO, which worked really well but in some ways that’s men trying to time the market.

Plus_Refrigerator839

SPY $605 on Thursday?

romt_25

free meals, free accommodation, free insurance, free judgement on all your moves more money to gamble on meme stonks like SPY.

Plus_Refrigerator839

i held on basis SPY will reach $605-$610 by the 30th. Testing all time highs during santa rally. If thats the case i should be okay

Wooden-Fix6280

Market is closed tomorrow. Theta will smash the calls. You better hope SPY IS UP BIG and hopefully sell early open.

Softspokenclark

SPY gang leggo https://preview.redd.it/i0udc7q0gv8e1.png?width=1169&format=png&auto=webp&s=dca1ca93f338fd913541b22f585ec1faeab341f1 took this pic in morning then bought more calls an hour before closed up 10k from SPY

bullrfuk

All I want for Christmas is for SPY to gap up 25% overnight so that I can retire

Jhuliano10

SPY will be over 620 by Jan 17th. Source: My hopes and dreams

rdw0680

The answer to her Q was as obvious as the 595c on SPY this morning

LongroddMcHugendong

You lost all of your travel budget gambling on 0dte SPY calls didn’t you

niofalpha

Loaded up on SPY 610 1/3 Calls and I’m already up 30% Just buying SPY Weeklies takes almost no premium and has a decent reward profile if you’re right about the momentum

martinsb12

Because the market goes up more than it goes down. If SPY (600) crashes 30% (180) it's at $420 or levels not seen since April of last year or June of 2021 if your looking at the last bull market. And it's easier to gut check yourself when you are up than when your down. My total return on my recent SPY purchases are up 48%. It's okay if it goes down 30%, I'll keep buying as long as I can.

EnginrA

If you bought 100k SPY 600c 0dte this morning you’d be a millionaire

diefy7321

Bro, could of made all that money back by buying SPY 0DTe with that $5k today, but noooooooooooo 

Seriousyadda

Why today SPY's option open at a much cheaper prices? Stock opened at 496.10, 496 call opened at $1, 496 put opened at $0.98. Is it because of the shortened trading hours? For 23th and 20th the at the price long straddle options are about $2 and $5.

Star_Lord924

As an adult...im pissed Xmas is here. Bullshit. The only red and green i want to see are on the damn trading charts. Santa is a dick. Already anxious for thursday as I think the end of this week will be SPY creating a new ATH. PS. Thanks for fucking me TSLA. Sold my calls at a small loss because you were being extra GHEY nd then the day after I sell...you go up. Asswipe.

plain_pilot

I’ll dream about SPY reaching 650

Danyelz

Can someone explain me why the price went up to 2.33 USD? What was the price of the SPY when he bought the options and what was the price of the SPY when he sold them? Or did the option itself raise but not the SPY? I am a newbie to options and try to understand :/

hgfhad

I want to day trade option. But there’s a lot of companies to play. And all stocks often follow SPY direction. I thought focusing only on spy would make me successful. Any advice

NyCWalker76

How do you deal or tolerate your trade after you sell and then it runs up and up and up like today. Spy opens around $595 so you sell for a small gain, and then SPY runs to $600. You and I watch our contracts "What could've been more gains". I watch and watch and I don't ever enter back again and SPY doesn't rug pull.

No_Skirt_4689

On the one hand, inflation will spike again if 🥭 actually enacts tariffs and will force JPow to raise rates. On the other hand, 🥭 will fire the entire Fed and install a couple puppets that do his bidding. SPY $1000 by 2026.

mcs5280

Imagine paying someone to buy SPY for you

Ashamed_Advice_5837

Calls on SPY now, PUTS on spy Jan 6th

EnginrA

I bought SPY puts 

Amerikaner83

JFC I was happy with my 500 buck gain on a single SPY call. Next level. Fuck you and congratulations

DinkandDrunk

If someone’s plan, hypothetically, were to invest $1000 in SPY every month, they would be much better off for sticking to that plan when it dipped 50% and again when it dipped 27%. That’s a whole lot of discounted shares they would have secured.

TooAnalytical18

I bought SPY $600 calls last week when the market dipped and they shot up 200% today

LilCroquetica

Why is SPY lagging behind SPX in the recovery?? Before the crash SPX bounced off $6035 and SPY bounced at $602.9 Today SPX closed at $6040 yet SPY closed at $601.26. HOW?!