SPY

willkydd

Yeah but right now it looks like SPY companies will be longer lived thant the US Government, hence why USG pays a risk premium.

Funny-Property-5336

Mostly cash, I'm grabbing puts at open, diamond handing them to +300% before panic paper handing at -80%, then GUH-ing when SPY inevitably tanks for what would have been +3000%.

the_sound_of_a_cork

So many pro Hamas hacks in here. We need to focus on SPY 650 by EoW.

SetOk6462

You can get more than that with just T-Bill. The 13.4% you reference as “impossible” is not far above but and hold S&P, so actually very doable by taking slightly more risk than just holding SPY. That is a far cry from “massive” risk. Literally just holding SPY and selling OTM covered calls will get you close to 13.4% annual.

Sosnoff

I thought I was smart (first mistake) and messed with 0dte (second mistake) Iron Condors on SPY (third mistake). Took in $250 with a $5 spread between the short and long positions. So maximum profit/loss is $250, essentially a coin toss. Which I thought was ok on a 50 Net Liq pf Then something magical happened and my short call got assigned so I woke up to: USD 289’000 in Cash and Short 500 SPY But then SPY went down a bit and I closed in pre-market with an additional USD 600 profit 😎 So effectively I risked USD 289’000 for a USD 850 gain. https://preview.redd.it/0xwzgqf8w27f1.jpeg?width=1170&format=pjpg&auto=webp&s=1b20934fc82ce2d91a85d9d3b95968f1b9b9fdbb

Syab_of_Caltrops

A combination of hyperbolic reality, social media echochambers, and media institutions desprate for engagement has caused many to believe that the world is in a perpetual state of colapse. Everything will be fine, SPY 650 EOY

justpackingheat1

Was so pissed about a 100% for sure play on SPY 0dte (yea, 100% on 0dte, what a fucking riot, I know). Anyways, I got fucking pissed because every indicator said this move was happening, bad news came out, blah blah, thing just kept creeping up, creeping up, creeping up. Then I got pissed at myself for not cutting my losses earlier, so I said fuck it, it HAS to drop! Then I got pissed again at the market because it wasn't dropping. Then I got pissed at myself again. Then I got so pissed at the market I decided to 20x down because I was so fucking mad, then I got mad at myself again for 20x-ing down like a fucking idiot. Then it dropped, and I made $3 😂

RacingGreen94

!Banbet SPY 575 2w

True-Key-799

[Peace talks inbound](https://www.youtube.com/watch?v=dQw4w9WgXcQ), see you at SPY 600$+ tomorrow ❤

BullBearHybrid

Where do you think the smart money is going to park their assets? Yuan? Yen? Europesos? USA is a safe haven. SPY ATH.

WellPayed

Crapto didn't crater why would SPY

BullBearHybrid

Where do you think the smart money is going to park their assets? Yuan? Yen? Europesos? USA is a safe haven. SPY ATH.

Rez_X_RS

You got SPY puts expiring 6/16?

BullBearHybrid

SPY has been pumping this past because smart money was moving assets to US equities to get away from the war.

constantlyalways

The sooner you invest in a low-fee index fund like SPY or VOO, the better. You should probably wait a few years before buying individual companies so you can watch the market and start to understand it.

CumgPot_chickling

Question about missing emojis or best yet create an impossible ban bet like SPY to 1 or something like that. You will be banned for a week either way and lose that flair.

shoulda-woulda-did

The prophecy is foretold. SPY, DOW, RUSSEL, NQ = red BTC, GOLD, VIX =. Green

DorianSoundscapes

Yeah for the poors you have to remember that after a while for every dollar the stock gains you gain nearly 100 in profit and over the short term theta leaves the price premium pretty well alone so you can get more growth with less capital than if you bought and sold stock with less risk than close to expiration options. Premiums are higher but you get those back if you sell at the first profit and it’s still less that stock. I always buy in the money so that the gains are usually kicking in early. . If you want to have stable growth and be long in stocks yeah they are the way to go, but you can sell longer term options early and frequently to shave profits and multiply the cash with the leverage while using minimal capital and vastly diminishing the risk of short term options. if you don’t time it completely right there’s a good chance to get going back the right direction. I never hold these that long I just take a profit when it feels right and recalibrate. If you have to scrimp and leverage every cent you have and don’t have the regardation and capital to yolo 0DTE SPY calls, longer termed options are less risk and are surprisingly good for short term profit. They are unsexy, reliable profits though so not going to get anybody loss porn or bragging rights. 🤷🏻 Put these on leveraged ETFs that are super volatile and you can buy a straddle and sell the different options at different times in their life still and profit from both if not minimizing loss. I don’t have the confidence or risk tolerance for ballsier moves but long options can turn a pretty reliable profit on ITM calls when it’s really pumping and if you get mixed signals and bad vibes you can straddle and if you think it will dive then switch to puts. I set a day of expiration 30-45 days after an expected trigger event and see if the market behaves like I expected. When you sell, theta hasn’t eaten your premium up much, and if it profits way earlier than you expected you sell and take the profit. Of the market is just swings way in the wrong direction early on I try to cut at 15% loss. This system had work for me in slowly building up a larger pool of capital. Options on ETFs on volatile stocks give wild enough swings to get a quick profit and gtfo, but I definitely wouldn’t YOLO or diamond hands with these longer options, I treat the time premium as a bit of insurance, sell while it’s intact and take significant gains that are more than if I had invested the same sum into the stock and sold at the same time.

Pink_Squadron_Medic

Israel owns the SPY index

Caracalo

Nuclear war in the Middle East is already priced in... SPY will be at 700 by the end of the summer

RequirementClassic49

I have a decent amount in TAIL, PDBC and GLDM. Might be smart to sell on Monday and buy SPY dip 🤔

Individual_Error_428

dressed up in LLMs, SPY 694.20, and mortgaging a burritos that cost $100.

molestimesmass

Holy fuck the people at the SPY subreddit are fucking retarded thank god for WSB

knewusr

Do index options on the SPX instead of SPY. They are European style so no early execution and Robinhood lets it cash settle. Assuming you have the cash

Fhyzikz

If Corn and SPY move mostlu identically now, this weekend is looking like flat on monday if nothing else happens

Scarfaceb1tch

!banbet SPY $590 1d

CrazyRichOptions

Actually No.. SPY looks like its bound for recovery

Jacob_Billingsley

I’m generally looking to sell around the 20 delta. VIX fluctuation will help widen or narrow the strikes. But I don’t like to sell an option inside a 1.5% OTM - generally speaking a 20 delta puts you 1.5-2% OTM expiring 1 week out. I will give it more cushion if we just had a big sell off just in case there’s a rally - but as you can see from the image above, sometimes you just can’t plan on a 10% SPY increase in the span of 2 weeks lol. That’s why I like to space each trade out and spread the risk out (instead of selling 5 calls all on Monday) so I can move as the market moves

Jacob_Billingsley

Ah that makes a lot of sense on why I haven’t been charged for margin lol. If I started to manage trades early I would consider SPY, it could enhance returns, I just want to be more hands off with it. XSP gives me peace of mind know it settles to cash and doesn’t have any early assignment risk if breached.

Jacob_Billingsley

It’s definitely not as tight as SPY, but once I sell I’m committed so I’m not planning on trying to trade in and out quickly. It’s fine for single leg options imo

just23x3_4fun

Will something happen? I wanted SPY@ATH next week.

vermilli21

So guessing a nuke will be the catalyst for SPY to have a circuit breaker…..

TheLooza

The market already understands that iran’s head has been cutoff which is a net positive for the ME and for American interests. The correct answer is once again , SPY calls

Juhkwan97

Your broker spots you the buying power to sell an XSP call (about $9k/contract) based on your SPY share holdings - is that right. So, on any given day, you need to cover 7 covered calls, so that would be about $63k, or a little less than 100 shares of SPY. Is that about right? Re: management: Do you think you might do better by managing early, at let's say 50% max profit of the short calls?

Pink_Squadron_Medic

AIPAC hustling the DOW and SPY after that JFK incident 

PotentialJealous9626

Follow Brad Matteny. July SPY low will reach 535-540 by July 21st! Gaurenteed. Money in the bag!

Healthy_Peanut6753

QQQ my friend if you're new to this game. Don't listen to folks about VOO and SPY - tech will outperform broad market by least 2x if your investment horizon is at least 10 years.

KrakenClubOfficial

!banbet SPY 0 30s

SchwiftySchwifferson

SPY 0dte

Ok-Mycologist4041

What dip? SPY is down like $5.

solariac

Another pause is announced after 90 days. SPY once again has a 11% day and rockets to 666.

avolz

Are we going to see SPY ATH on Monday?

EvolvingDior

SPY vs GLD since 2005... who wins?

Yogurt_Up_My_Nose

the SPY museum is pretty fun tho.

Dazzling_Marzipan474

Can't post pics here. I have SPY puts I bought for September -December

SomnolentSomber

What will happen to SPY on Monday if TACO joins the war ? LMT calls?

Brodiesattva

The answer is that you don't have the intelligence to invest in individual stocks. Not actual IQ, rather information. Those boards are closed to the public, the CEOs lie and obfuscate, or are truly ignorant about what happens in their company. Do I have individual equities in my portfolio? Yes. But most of what I have are in indexes: SPY, OEF, DIA, ONEQ QQQM, DAX. The top three performers for me in individual equities are: COST, AAPL, BRK.B, I also have some JPM, and a bunch of shit stocks that are play stocks. I use AAPL and COST all the time, so I know they will delight their customers and keep them for the long haul. JPM is historical, and the shit stocks, like MDRX were bets that I just can't let go of. MDRX, for 14 years they screwed up their company, for a good portion of that time they didn't know what their financials were, but continued reporting. They finally got caught and got delisted. They have been 2.5 years? since delisting and still can't provide audited guidance on their quarterlies. That is what I mean but you don't have the intelligence of what is going on in the company.

MaybeMalaka

I know nothing about acorns but if your okay with investing it long term open a brokerage like fidelity, open a Roth IRA and max it out for the year. Think it's 7-7500 roughly. Then take that money and go buy VOO or QQQm. QQQm is a lower expense QQQ which is the nasdaq 100 VOO lower expense SPY or S&P 500 Or VTI this is the lowest risk lowest reward. Just keep contributing. If you want cash flow you can look into something like ULTY but this is way more risky as it's a bit unknown long term but you would get paid out roughly 126 a week off of 8k. I typed out a lot because there's a million in one ways to invest your money but it's a single player game and you have to decide what your own risk tolerance is, how much attention you wanna give it. But seriously Roth IRA, no taxes on capital gains ever and you can pull your own capital if you ever need to just not the gains your investment made. Any questions ask.

harrison_wintergreen

>but when I look at various "If I Had Invested" calculators, it seems like VOO is way, way stronger. depends on the investment and the period of time you examine. VOO is the S&P 500, which is not guaranteed to be the best investment over any 10-20 year period of time. https://contrarianoutlook.com/wp-content/uploads/2016/09/SPY-Midcap-Smallcap-20yr-Chart.png https://www.nytimes.com/2020/05/01/business/bonds-beat-stocks-over-20-years.html

futilehabit

SPY down on Monday not from any of this Iran shit but because parades are already ghey as fuck but this one just takes it to another level

StrifeRaZoR

Did I load up on 20 dirt cheap SPXS $6 calls for next week before close on Friday? Yes. Yes I did. Will this make SPY rocket to ATH at open? Most likely.

FamiliarPermission

Are you sure you're trying to open a position with index options? Yesterday (Jun 13th) I was able to open a 0DTE SPX call option at 3:58pm (two minutes before the option expired). I use IBKR. I think you are confusing SPY or something with index options.

No_Strategy_2747

SPY 625

AlarmedCockroach3147

How do you trade SPY?

Virtual-Moose5921

There is the 🇷🇺🇺🇦 situation for a while now and SPY is looking at ATH lately🤷🏻

BullBearHybrid

This military parade is to show USA is militarily ready. Read between my butt cheeks. SPY 604 Monday.

careyectr

How big is it? SPY averages well over two million option contracts a day, so 62000 contracts ≈ 3 % of a normal session. That is eye-catching for a single ticket but nowhere near the “whale” size sometimes seen in index ETFs. Because it is a debit vertical (buy higher-strike put / sell lower-strike put), maximum risk is capped at the net premium (~$1.40 billion notional but only ~$6 million premium) and maximum payoff is capped at the strike difference minus that premium. Such structures are classic portfolio hedges: they give cheap downside insurance if the index slides toward the chosen strikes while limiting theta bleed if nothing happens.

Pretend_Opposite_130

Was 100% cash till Friday. Went in 50% SPY after the 1.5% dip. FML. I'll slowly put more money in during the dip and try to think it in about a year.

vermilli21

Can both SPY AND LMT HIT 590 on Monday so o can skip work for that week

iAMthebank

0dte would be what I did w,th,f this week every time SPY was over 503. Bought and held for dear life until the afternoon sessions but was rewarded handsomely for it

Put_Er_There_Sport

Forgot to add the tariff pause extension to make it SPY 625

jvro1

ATH!! SPY 1.86% up YTD. Yeah, you guys really killing it, beating out dividends from shitty boomer companies lololololol.

Jacob_Billingsley

There was a backtest for selling 30 delta monthly options and it has outperformed the S&P over the last 30 years. I’m not sure how I’d backtest my exact strategy because there are nuances to it since I’m holding other tickers besides SPY (SCHG + IBIT will add beta) but I understand the mechanics of it and am comfortable with the R/R.

housemouse431

sunday 5pm...isreal/iran negotiate cease fire. Monday 9:30am...SPY 610

Jacob_Billingsley

Technically you can’t own shares of XSP since it’s a cash settled index. You’d need to own equity shares of something correlated (SPY, VOO, etc) as collateral. I can sell 1 XSP option for every $60k of notional in my account (as of todays XSP price)

n1ck90z

It still won't be as bad as the russia invasion and in that case SPY went down 17%. We were just recovering from another 17% drop

Jacob_Billingsley

Since XSP is just settled in cash, it uses margin for the options sale and is treated as if it’s a naked call, even though it’s “covered” by the SPY/SCHG/IBIT shares. Time will tell the results but so far my let liquidity is up and to the right while still being able to take distributions.

Such_Region2724

gold will break its all time high this week. SPY and QQQ will NOT! thank you for your attention to this matter.

BarbellPadawan

#Haha. SPY should have been 580. Dumb bears.

spacecadet501st

Market cheat code: POLY->ES->SPX->SPY

Successful-End7689

597 SPY Call better print Monday

Jacob_Billingsley

Yep l! This is exactly it. Time will tell if the options will generate alpha or act as a hedge; but it’s always part of the trade off if you’re trying to generate income. When options return is negative, I think of it as essentially acting as a hedge and building cash. I am adding capital to the account and have auto buys in my account daily on SPY/SCHG/IBIT to build a bigger position over time. but net returns are positive.

Jacob_Billingsley

Yep l! This is exactly it. Time will tell if the options will generate alpha or act as a hedge; but it’s always part of the trade off if you’re trying to generate income. When options return is negative, I think of it as essentially acting as a hedge and building cash. I am adding capital to the account and have auto buys in my account daily on SPY/SCHG/IBIT to build a bigger position over time. but net returns are positive.

Humble_Code_6501

Monday: Bullish SPY +2%

AxelFauley

285 on SPY? u wot

Jacob_Billingsley

This is simulating a covered write strategy. I don’t want to be net short of the market. If you’re referring to selling naked calls on SPY, then no it doesn’t settle to cash. You’d end up with -100 SPY shares if selling naked calls on SPY.

rakgenius

What's the advantage of doing this on XSP instead of SPY?

StophJS

Curious whether others who don't typically do much with options are debating buying SPY puts on Monday expecting a return to at least the 285 level over the next couple of weeks. I may put 10% of my portfolio or so.

le_gabriel

I need SPY to go even higher so puts are cheaper before the ending of tariff pause

NoCancel2966

TBH, the timing was pretty good. A month later we'd be hitting lows so shorting in March could have made bank. SPY was at 558 in screenshot and went down to 496 on April 8th. That was an 11% drop in less than a month.

BIGDADDYHANIN

BOOM! or DOOM! Oil or Gold NVDA or PLTR SPY or QQQ

Stellewind

You can asked the same questions every day since April but SPY has been just steady rising and approaching ATH. The market just doesn't give a fuck about reality.

timeforachangee

Bearish sentiment is on the rise here. I have a feeling of glee at things coming crashing down on Monday. This can only mean one thing. SPY ATH by 10am.

xiongchiamiov

Reminder: from seed stage, about 80% fail to make it to the next round, and about 97% fail to ever make it to an IPO or acquisition. And most acquisitions are middling, with only a small fraction getting those great returns that make being a venture capitalist more profitable than investing in SPY. This doesn't mean don't put money in. But it absolutely should be money that you're ok with throwing away.

rosseg

!banbet SPY 575 7d

ebfeebfe

SPY about to rise on bullish bright-white-flash news

boyWHOcriedFSD

Institutions have been LOADING. They will drop SPY to like $590 to panic smooth brains like you into capitulating and buying puts. Then, they will rip the market up to all time highs a few days later. Have fun staying poor.

PaymentNecessary1667

Rooting for a errant muscle that doesn’t hit us but gets close enough to cave SPY

DLD1123

PACERS to win finals pays 5 to 1 on RH. Put 5k there to hedge and take 25k to short carvana, SPY, and IONQ. Don’t ask me why they’re all connected.

Venice_LA

Ppl who bought airbnbs 3 years ago watching their property drop 30 percent While passive SPY up 50. Oof

Jacob_Billingsley

I hold the notional equivalent of just under 500 shares. Most in SCHG (60%), next largest position is SPY (30%), then IBIT (10%)

tionstempta

Good post! I like the idea I do sell iron condor with stop loss under 100 SPY shares and its kind of like the similar thesis to generate income Do you hold 100 shares of spy or more?

Fabulous-Ad6846

SPY to ATH on Monday

richbeezy

Yep, everything is the exact same as it was 50 years ago. The global economy hasn't changed ONE BIT. Man I love when these market noobs post these doom and gloom takes as if they have any clout at all. There were TONS of these posts when SPY was 20% lower. I called them out for their dumbassery then, and doing it now. Stick to your day job, OP (or your college courses).

SomePolack

!banbet SPY -1% 7d

SomePolack

!banbet SPY -1% 1wk

SomePolack

Imagine buying SPY right before close at like 597  Oof

StrifeRaZoR

Going to throw an odd take at the whole situation: Inverse ETFs. I love me some SPXS and SQQQ, and apparently so does the rest of the market. Inverse ETFs have seen a massive amount of inflows the past 2-3 months. On the weeks that SPY/QQQ actually move down significantly, the volume on SPXS/SQQQ is over double the volume on the main indexes. I'm having a hard time trusting SPY Put-Call ratio lately. Money has moved and we're on the ass-end of the information train.

dws2384

The last 10 years (and especially 5) have provided almost everyone accessibility to low fee self managed trading accounts and EFT’s. There’s a lot more money constantly flowing in as people passively invest in SPY or VOO for retirement and aren’t actively trading. It also makes for easy investment around the world. I’m Canadian and prior to these things a lot of banks or investment firms here would steer us into mutual funds and or stocks more weighted to Canadian business. I pulled them all maybe 7 years ago and just passively put my money into the S&P

Blubbers421

Do you believe we will see SPY around 586 next week, or is that too extreme?