SPY

NarpRocks

This is why I only got SPY puts and didn't go long on oil.  Too risky to speculate until the treasury stops trying to manipulate the price.

ChewbaccaIsBear

my fav price of SPY was 420.69

Apha-apha

Wait for Trump’s tweet which spikes SPY

Existential_Entropy

Honestly, yes. Basically all 2025 i was bullish after I realized we were rallying after Liberation Day and the May puts i bought became worthless. I don't day trade much because i suck donkey balls at it, so i mostly do swings and LEAPS. I tried puts a couple times, but got kicked in face for it. Things started changing in October, but many names were still bullish, and GLD and SLV continued going crazy. The beginning of February was when I drastically reduced taking long calls. SPY became stagnant and every few days the market would randomly dump. The TACO was dying. I still have calls open, but im hesitant to buy more, instead selling PMCCs against the calls I already have in case they tank. I started buying puts mid Feb on green days, wait for red days and sell puts.

wrestlerkid

Just sold all 15 positions yesterday regardless of gain or loss and bought SPY puts

-TrueFacts-

🥭's midterm pitch should be "My fellow Americans, let's fuk these bers a little harder - help me to help us to help you to fuk bers. SPY 1000 when my term ends is not a meme. Shoutout to my WSB regards! Bols forever, bers NEVER! Bers r fukt!!"

Internal_Field5970

SPY 500 is not a meme 

Vegetable_Push6542

It's going to ATHs. This is just another one of this POS administration's dump and pumps. Polymarket is pricing in a 2/3rd chance of a ceasefire by April. Combined with big tech earnings we are going to rip to 720 on SPY by end of May.

3ebfan

At this point SPY is going to re-test 600 before the summer

LightOverWater

Markets trade in after hours. Whenever you have a big event, you get huge volatility there. SPY was unchanged after close which was open for 4 more hours. A lot of the things you're talking about are priced in. The other thing is apparently the operation occurred during market hours, despite the announcement afterwards. Funds that run hundreds of billions AUM have access to immediate information that we don't. We've already known this week that the US is going to need military action (boots on the ground) to fix oil prices. This is their attempt. Is all of this priced in? Perhaps not. But we're not looking at a Monday Armageddon unless there's further escalation. So you could say more "fear" is not priced in. We don't know how Iran will retaliate. US is trying to protect oil infrastructure. Permanent damage to oil infrastructure is what would cause a big sell-off, which we're near the 200-day MA and gamma is in negative territory (a combination of heavy support but also a sensitive breaking point).

Comfortable_Oil6642

SPY calls no brainer

Vegetable_Push6542

Just look at how this scam market pumps on any good news. It could take us 2 months to go from 700 to 630 on SPY and 2 weeks to pump back up

WordsHappenedHere

Market looks more and more like 2022. After I saw AAPL on Friday I knew the market was turning. I’ve been bullish as well. It dawned on me Friday that I felt the exact same way last year. As we were breaching support levels in March/April. I’m not making that same mistake again. Best guess is we will visit SPY 575 at some point this year. It’s the only weekly gap not yet filled on the chart. I think the market is finally turning on Trump. Last year was always a curiosity because the data has been shit. Zero job creation. Persistent inflation. And now this war is going to probably persist for months and keep oil elevated. Which means inflation is going to stay elevated. The market is now pricing in essentially zero rate cuts all year. Also look at the bond market and the 10yr. How can we have a bull market when the 10yr refuses to come down? Add to all this historically high valuations and yes I think we end the year down.

MrNewking

Lol crude is pushing past 105. This is crazy. SPY is gonna gap down monday. USO blows past the 52 week high. Opens at 128-130 at least. If this keeps going, I feel bad for anyone holding Oil Puts over the weekend.

WinstonBuddyBro

Yes. I stopped trading UPRO(3x S&P) on dips, and started trading SPXU(-3x S&P) when SPY hits resistance. My strategy is extremely boring. Only trade those two.

ValueOfADollar

What intrinsically links SPY and BTC movement together?

SociallyButterflying

From top to bottom SPY is down about 4.7% at the moment. Not correction territory, but one more bad day will do it.

Hecker8778

Yoo, market closed but weekend vibes are real. SPY's been brutal but opportunities hiding in weakness. Everyone's scared of rate hikes but that's when real money moves. Stay disciplined, don't chase shorts on weekend hype.

Strong-Comment-7279

2 weeks out from end of Q1. You want to burn tax due, hmu. This is not the way. But maybe it is - compare this function. I trade SPXW 0-1 exclusively. However, I may dip into SPY. WHEN I dip into SPY, it is a gamble w downside limited to the loss, of course. But WAIT. I throw down on SPY, there are two outcomes. Profit/liquidity and roll again for the next - burn off those SPXW ST gains. There is no aim to manipulate a market, and tho I do frequently post while I trade, there will be no inclusion of these events. HOWEVER - I must point out that I've just thought of this in the last few weeks, and am not in a position to do it this quarter. To that end, I am actively watching last day of trading Q1 2026 for MASSIVE SPY manipulation through large players exchanging this set-up. Final note: brokerage platform is relevant. Had an informative convo today about E-Trade Vs TOS spy and SPX/SPXW. TOS does not offer SPXW. I'm on the former - SPXW every day. The only SPX E-Trade offers is one exp day monthly. See: wash sale issues.

Exciting_Day4155

I predict SPY will be 662.29 tomorrow.

Smart-Chance5476

“Please god decimate world commerce so my single $SPY 1DTE put will print” 🙏

Deep90

VT has been doing a lot better than SPY.

Fit_Neighborhood9251

Iran surrenders tomorrow, oil back to 69. We still have unsettled tarif payment, new tarifs, old tarifs back, no jobs, inflation, no rate cuts, stalemate in congress and the most fkd mid elects ever. SPY 700 will be only with new chief.

amanj41

Crypto being green while SPY was big down today is beyond science

bearhunter429

#Remember last april when he tweeted "this is a great day to buy stocks" and SPY literally pumped 8% in one day? LMAO🤌

BrunelloHorder

Went to about 25 percent cash from being fully invested. Had a couple of tax losses to harvest, plus some positions in retirement accounts, so it was tax neutral. Still holding a shitload of GLD, NVDA, and MU as I have huge gains in taxable accounts and think they will thrive over the next few years. But the next 3-6 months could get pretty ugly. SPY is only down 5 percent so far, and could easily see it dropping another 15 if things go how I expect them to go.

IntergalacticBurn

I haven't bought plain puts on SPY just yet, but my bearish hedges kind of serve that directional role anyway. I deliberately chose weaker sectors to go bearish on, since they're likely to perform worse than the S&P even if the market were to bounce up a bit. I'm thinking of doing SPY puts/bear spreads whenever it mean reverts. So on some up day.

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

Veritatis-Cupitor

Yes, bought Apr 17 SPY puts today.

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

ubiytsa_pizdy

Yes, but that’s basically turning it into a stock trade after expiration At $641 the spread is worth $9 (650−641), so the P/L on the spread is already determined: loss = $9 minus the credit received If you get assigned and hold the shares hoping SPY goes back above 650, that’s a new position and not the original spread continuing

ubiytsa_pizdy

The loss isn’t infinite The long 640 put acts as protection. If SPY tanks, that long put increases in value as the short put loses value, which caps the downside The most the spread can be worth at expiration is the difference between the strikes ($10). 1 contract = 100 shares, max loss = $1,000 per spread minus the net credit received even if SPY were to collapse to $0 Infinite loss only applies to naked options

Groucho-and-Harpo

With a $641 close, you either lose $4 if you close the short put or pay $650-$5=$645 to end up with SPY worth $641 if you let the short put get exercised.

Groucho-and-Harpo

Simple illustration, just think in terms of the value of the options: Let’s say from the beginning SPY is at 645, you sell a 650 put for $10 and buy a 640 put for $5. If SPY is above 650 at expiration, both options expires worthless. Congratulations you earned $5. If SPY is at 645 at expiration, your 640 put expires worthless. You can buy back the 650 short option for $5 which makes you break even. If SPY is at 640 or less, both options end up in the money, and the 650 put is worth $10 more than the $640 put. So you pay $10 to close the sale, and your net is $5-$10 or a $5 loss. If you let the ITM short put get exercised and close the long put, you end up owning SPY anywhere between $5 less than what it’s worth (SPY closes at 650) and $5 more than what it’s worth (SPY closes at 640 or less) The spread simply fixes the maximum gain to what you collect at the beginning of the trade and the maximum loss to the credit amount minus the difference between the strike prices.

radishr

The question is: puts on oil or SPY? This trade could shift either way on Monday depending on how the Kharg attack and whatever the hell else happens over the weekend gets spun.

CMDR_Shepard96

If they hadn't bombed Iran, do you think we would be at SPY 700 yet? I don't think so

Regular-Hotel892

It is only to the extent that interest rates impact valuations right? And that is much less clear / atleast it’s much more subjective for market participants. Where as in the options market, the math is more clear isn’t it? (it’s arbitrage proof, meaning nobody would get to long a 100 delta SPY leap for only intrinsic-dividends and buy SGOV with remaining funds)

A_Dragon

First rule of trading, recognize the environment you’re in. While generally undercuts have worked while the market was at/near the lows it seems to be the case that QQQ/SPY are starting to finally break down so I’d be cautious when buying anything in this environment. Having said that, if your risk management is good I don’t see why you can’t try it, just make sure you have a cushion into the end of the day due to potential overnight volatility.

ivanorehov

Guys, OP is saying he is ok buying and holding SPY at the short put strike price! Why not just sell CSPs on SPY in that case as a way to DCA? 20-30 delta CSPs DCA have a higher sharpe than just buying. You’ll need to sell a lot more credit spreads to get the same premiums as CSP but when it is time to get assigned you’d have to buy a lot more contracts. So CSP is just easier

frogdujour

There has actually been an unusual shit ton of SPY puts for March 20 bought for 630s-640s strikes over the past 2-3 weeks, plus VXX 36-38 calls, some big players piling in, continuing even today. Next week will be interesting.

AccountOfMyAncestors

think about where SPY would have been if the administration wasn’t retarded. SPY would be around $750 right now, so we are actually down 12% from the non-retarded timeline ATH

LengthObjective2253

Next year we’ll be doing a tour in Iran while SPY is still hovering around 670-696

justonemoretimelol

SPY EOY %? Wonder if it’s gonna be flat

ezikeo

This guy is like 2 weeks late, SPY is starting to show its longer ranged bound...

Retaining-Wall

Predictions for next few months March: Iran April: Iran, but you wish it was March. May: Cuba June: ????? July: Murder Hornets! August: Somehow not an awful month. Everybody is thrilled when SPY pumps up to 250. September: Murder Hornets! but you wish it was July.

bearhunter429

#Next week SPY could dump as much as -10% LMAO🤌

ACL_Tearer

If spy tanks to 630, your 640 put is only worth $10 at expiration but the 650 put you sold is worth $20 that you now owe, so you'd owe $10 ($1,000) less the premium you received. You make money only if SPY stays above the short strike minus the credit you sold the spread for.

thekoonbear

Spreads are simply defined risk. No need to think about assignment at this stage. If you sell a $10 wide SPY call or put spread for $3, your risk is $7, because the max it can settle for is $10 and you collected $3 to sell it. So the question the becomes how often do you make the $3 and how often do you lose the $7. Do the former a bit more than twice as often than the latter and you make money.

Consistent_Mode_7419

if SPY doesn't open at 668 Monday I'm really fuuuuucked

MerryRunaround

This is close but you are still confused. The brief answer is you could lose up to $1,000. But you need to know how and why. Details matter. If you do things correctly you will never own SPY shares. Study more! btw, there is no "easy money" anywhere.

vrtra_theory

This is a "put credit spread". In your example it is a "$10 wide spread". Depending on how far out expiration is, and how close that $650 is to current market, you might net (let's say) $300 in premium. Your total capital is $1000 ($10 x 100). So in theory, you walk away with $300, and as long as SPY stays above $650 until expiry you keep the money. Now if it dips below you can start having issues. In theory no matter how bad things get, you can't lose more than $1000 (which would be a net loss of $700 since you made $300). But in practice if the stock goes down and volatility goes up it can be hard to close your position without paying an extra premium. In a severe miscalculation you might have to pay $1050 or even $1120 (example) to get the thing closed, losing more than your theoretical max of $300. Getting assigned is a whole other ball game. If you don't want to close at a loss and hold onto it until expiry, or just get very unlucky, you are on the hook to buy 100 shares at $650, or $65,000. So suddenly you wake up and you owe the broker $65k which can look pretty scary. You can always sell the other put (again in theory for $64k) or exercise it so once again in theory your real loss is only $1k, but at these prices you can't screw around especially if you wrote multiple contracts at once. Put credit spreads are a good way to make a little premium if market conditions are stable trending upwards but free money it is not.

Adonisbb

You definitely don't understand. Your $640 put will NEVER be worth more than the $650 put if SPY is <640. The spread makes the most money if you get to keep all your premium from the short put minus the cost of the long put. Your losses are capped if SPY tanks, but you can absolutely still lose money. Also, some advice: If you are on the wrong side of the trade, don't wait to get assigned/exercise your puts. Always close the spread before expiration, otherwise you will incur stock commission fees and possible margin calls if you don't have the margin to cover the short put.

echosixwhiskey

Semper Fidelis Devil Dog. Hope you’re doing well. I’m fairly new to options trading. But I have the time right now. Whats the best platform and indicators you use? I mostly trade 0DTE SPY calls and puts. What’s a better strategy? I know the Greeks fairly well. Recently I’ve been using a sniper indicator but that’s not really fast enough. Any other helpful hints that will help me build slowly using a small amount trading between 4-6 contracts a day and in the morning only? Thanks for answering any questions. I’m trying to spot a trend that goes my way instead of an immediate drop, and then having to wait for it to swing back in my favor, or selling for minimal or at a loss. Slowly and steadily.

m1nhuh

I made an edit to my post.  But if you hold both to expiry, you would have to sell the 640 put before expiration to avoid having it trigger a sale of SPY at 640. Yes, you would be able to hold SPY with unrealized losses. The gains in the 640P will offset the reduction in net worth. But if SPY goes to 550, you would be better off exercising the long leg and buying rhe shares at 550.

TranslatorRoyal1016

the credit spread's defined risk is neutral-bullish, and the difference of the strikes when SPY reaches the short strike at expiration is when you're at max loss scenario. if you want to get assigned then that's not a real credit spread, it's a long put with an unrelated sold CSP. otherwise, if you can't back the short put with cash, you're left with the credit spread's defined risk of losing money directionally when SPY tanks.

DismalScreen6290

I'm not sure I understand. Wouldn't I make money on the $640 put? At the same time I'll get assigned SPY at $650 right which will lead to unrealized losses but I don't technically lose anything unless I sell those unrealized losses right?

I_HopeThat_WasFart

Yeah you will do fine if you are okay being assigned. Can you afford 100 shares of SPY?

m1nhuh

No, if SPY tanks, you lose up to $10 per contract which is $1,000 in the above scenario.  The 640 put goes up in value equal to the 650 put losing value as it falls further and further below 640.

AlbertiApop2029

The problem is I got in too early and the market ran up a little bit the morning I bought it. I'm looking at SPXU vs SPY on a long range and I am looking at a huge disconnect. Keeping an eye on Backwardation in the VIX futures, we might just be early. I think I stand more to gain than to lose with a 1% position in this. UVIX might be a way to hit turbo on this if things do get bad. :D

LankyLibrary7662

You son of beeech Im in! SPY Monday 0dtes? Just tell me calls or puts

teh_herper

SPY still at 699.99 before crashing to 650 the day later

misterbluesky8

SPY up 2% on Monday morning if that happens

Imaginary_Lock1938

2003 Iraq invasion ended up positive for the SPY [https://uk.finance.yahoo.com/quote/SPY/](https://uk.finance.yahoo.com/quote/SPY/) inb4 Afghan invasion did not - it was the continuation of dotcom bubble bursting

BraveDevelopment9043

7 min before market close I said, “oh shit, it’s Friday!” And proceeded to check that I had SPY and QQQ puts ready. Whew!

NotMe357

Why you think with Ground invasion will make SPY rips? Lol

hiphopanonomos

SPY is a stable growth stock? Wow and I thought I was retarded.

Vegetable_Push6542

Went short into this weekend then going long from there. Polymarket pricing in a 50% chance of a ground invasion this month, I think SPY rips and OIL plummets which is why Treasury has been going short.

bobbyknight102

Obviously you don’t know how SPY/Stocks work, you literally took the lowest point of a stable growth stock. It’s 52 week lowest was 52 weeks ago 💀💀

Normal_Tap3021

SPY aint going nowhere close to 680 unless the war actually ends and not some fake ass retarded tweet.

HospitalSuspicious

!banbet SPY 685 72h

OftenOlives

SPY hits $700 Monday, and we never see $699 again, guaranteed! It'll be just like old times. Yea, the sunset really is beautiful... *click*

orsomeshitidk

Brother, if you think SPY 700 on Monday I have so much shit you would be interested in buying, I’ll make you a great deal.

ShittyBidet123

Are we fucked or SPY 680 monday? or even maybe 700?

Normal_Tap3021

Bulls when SPY recovers $1 after losing $10: 😂🫵🧸

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

dragonfliesloveme

My uranium stock are tanking as is SPY fuck this guy

oldschoolczar

Holding SPY puts instead

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

DriftWoodBarrel

I don't know how to make money in this market. When you look at SPY it's very clear, just buy SPY puts when it's green and wait for EOD. But I can't fucking do it. I'm a regarded permabull.

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

Sickbunni

Ooh nice! We had the same idea. Loved the hard resistance at -0.03% on Thursday. Traded off that bounce and the support while watching the trend of oil since the SPY and OIL was moving inversely from each other. If SPY popped, but OIL was also making new highs, then I knew SPY would fall and if both went down, but SPY was near support, I would buy calls. Otherwise, just waited for moments where oil made new daily highs and SPY hadn't reacted yet. Although, towards the second half of today, it looked like SPY wasn't nearly as sensitive to the movement of oil. Probably because more sellers headed into the weekend once they realized, SPY was going to keep downtrending for the rest of the day after falling through Monday's LOTD support.

Commercial-District1

I mean it’s not like SPY will even react 😮‍💨