SPYM
Tradr 2X Long SPY Monthly ETF
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Should I see my 3 individual stocks and buy the SP 500?
VTI or VT?? (70% VTI - USA and 30% VT - International)?
How to set myself to make best use of downturns?
Portfolio sharing and how to set myself to make the best use of market crashes?
More affordable deep ITM leaps to trade than SPY with decent liquidity?
Should I (would you) sell VGT/SMH/FTEC/XLK and maybe MGK and just buy SPYM or something else?
Looking to be a strong end of November.
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damn you taking the L on Nike and PYPL too 😞. I'll be honest never a bad idea to take profits(I usually just take out my initials and move it over to and ETF like SPYM or QQQM or SPMO)
SPYM has been steady going up like nothing. But I guess we can say the same for other ETFs.
Yeah that's the move honestly. Nothing worse than watching a green position turn red because you got greedy trying to time the top. SPYM is solid too for the dividend growth.
It's good to have layers of volatility by the time you retire especially because it really sucks selling QQQM compared to SPYM during a recession. Buy SPYM and/or QQQM from now on. Cheaper than SPY and QQQ. There are always better performing etfs. QQQM < SPMO < VGT < FMTM < SMH < AIS < DRAM < etc. The difficult part when performance chasing is knowing when too much is too much. You're not going to ruin yourself selling a little of SPY over time to put into QQQM but definitely plan out the taxes before selling. If a SPY share has a short term gain, don't sell it. If a SPY share has a long term gain, that's more reasonable. Taxless accounts are simply amazing for these kinds of rebalancing.
I had at \~$140 I took out my initials and reallocated to SPYM and am going to let the rest ride. There is nothing wrong with taking profits.
They have portfolio SPY options like SPYM (also by State Street) which are cheaper than SPY but also track it with low fees
50% SPYM 50% QQQM i dont think 99.9% of traders can outperform that over 40 year period just open up a ROTH and put 15% after tax into that every paycheck if you have 401k with matching you can usually find stuff close to those too
Just pick one of the three S&P funds you have. Personally I like SPYM.
1. Zoom Out. Look at how everything has performed for the last year. You have to be able to handle red days with investing. 2. Your portfolio is a lot of gambling. It's your money, if you want to definitely get returns, put it in VOO/SPYM (lower cost than SPY). Most of your positions are already in those funds.
I actually like the more aggressive ETFs to me help get me there faster, like SPMO, FMTM, SMH, DRAM, you got VGT, QQQM, SOXX, the list goes on but these should cover you pretty well. I just carry the first four. If you want to smooth things out like volatility is too high you can always cushion it with some basic SPYM.
Stocks: SMH VGT SPYM Options: Choose one(s) with upside potential and purchase months/ years out. If it was me, I’d put in VGT and be patient.
Well, then, SPYM (formerly SPLG) is the way to go for even lower expense ratio. Or in a non-taxable account, get something like Fidelity’s FNILX for 0 expense ratio (not exactly the same thing, but essentially). Also, if this is a taxable account such as brokerage, no point selling SPY to switch. Just don’t buy any additional SPY.
I try to get my longterm portfolio to at least a 5-7% yield. Most of that money goes into SPYM, a portion into SPYI, and a portion into beat down stocks. I wouldn’t say I’m chasing it but it takes a lot of drag off of my salary contributions to stocks and I can keep a bit more cash from my job. So I wouldn’t say I chase them, I like to buy them when they are beat down.
If you still are contributing to it, why not just buy some VOO or SPYM with new deposits? If not, maybe sell some of the ones you have big gains in and put that cash into some ETFs. You can basically play with “house money” if you are up 300% and you sell 1/2-2/3 of the portfolio
Funny enough I just converted $7500 for my backdoor roth. I’m just going to buy SPYM like I do every year
Why go VOO when you've got SPYM? Even lower ER!
Nice! Lesson learned, as they say, the only regret you'll have is that you didn't buy more. Don't forget to always diversify, buy ETFs, so you get a basket of stocks not just one. That way if one takes a dive, you're ok. You want a steady line going up, not that choppy stuff we call volatility. I buy SPMO, some SPYM, SMH, and DRAM. Ratio is 50%-25%-20%-5% in that order. Works like a charm 😉
Since it's in your 401k, move them over to SPYM most asaply (lowest expense ratio SP500 ETF).
Sideload that into money market and keep trading with 5k SPYM/QQQM during correction.
I started to use SPYM cause it’s cheaper. Gonna have to try this with qqq/spy
Just view it as different S&P 500 brands for the same type of product. Example analogy: Stable mid size cars have multiple good brands that do the same thing. Honda Accord, Toyota Camery, and Nissan Ultima. The S&P 500 is an Index. The different brand S&P 500 Index mutual funds and ETFs track that index in their slightly different way. Some have higher expense ratios, some have higher trade volume, and some have higher minimums to start. Results are nearly the same. For trade volume: SPY or VOO. Volume is great for option traders and the hyper rich. For lowest expense ratio: FXAIX, SWPPX, and SPYM. For lowest barrier to entry: Any ETF on a platform with fractional share investing, and index mutual funds with low minimums to start (FXAIX, SWPPX, and PREIX). Vanguard's VFIAX has a $3000 minimum to start. FXAIX and SWPPX have $1 minimum.
18 years old is way ahead of the game! Good on you to be investing this early. Since you're 18, go with SPYM which has a nearly 0% expense ratio and is only $80 a share. The share price doesn't matter much, but good to go lower price if your brokerage doesn't support fractional shares. Don't forget to pick up VXUS for international exposure!
I am not in VOO anymore I sold at its height and I would choose SPYM(formerly SPLG) as VOO’s dupe because of its price and shares, but the dividend is low. I avoid tech. All my other ETFs are SCHD, SCHA, VBR, VXUS, NNN, ENBRIDGE, SCHF, SCHY etc which all of them are decent dividends but they are mostly all VALUE funds.
VOO focuses on top 500 US companies, VTI is the whole stock market. If I had to choose one, I would just go to VOO ( SPYM is my preferred version just because the expense ratio is a little less ) . But they literally hold the same exact companies.
I want to have be a millionaire by 40. I just turned 23 years old. I went to trade school and was lucky enough to land a very well paying job that most people retire from once they get in. My base salary is $94k a year without any overtime. I’m aloud to work 8 hours of overtime on Saturdays and occasional Sundays that’s are double time. Obviously I work as many as possible. So after OT, yearly I’m at like $115,000. Here is how I divide my money each time I get paid About $2500 each paycheck give or take $1,000 HYSA $290 Roth $300 individual stocks $50 student loan $185 bike payment $26 gym membership $200 rent $100 CC payment (I put 15% into my 401k 8% Roth 7% pretax) That adds up to about $2,151. The rest goes to groceries, gas and entertainment like going out to eat or other things. Where I stand HYSA- $18,500 Roth- $11,500 401k- $28,000 Mutual fund I’ve had since birth- $15,000 Personal investment- $1,000 (just started doing this) Debt $6k student loan $19k bike payment My main goal is to buy a house in the next 5 years. A house is between $350k- $800k in my area as of right now. My girl is going to be done nursing school in 3 years as of right now and can expect her to make around 60-80k when she graduates. I invest my money into things like VOO, QQQM, SPYM, SCHG, SOXQ. Right now I’m just throwing money into these investments and hoping. Is there anything I should try working towards first? Is my goal unrealistic? My parents were terrible with money which makes me not want to be like them.
when someone says “VOO and chill”, they mean to buy into the broad market and let it sit for a while. this of course is assuming they have decades to chill. also, VOO here is interchangeable with any broad market ETF. for some people it’s the S&P 500 (SPY, VOO, SPYM, IVV, SWPPX, among others). some people it’s the broad US market like VTI, some people it’s the broad world market like VT. the catchphrase is more investing advice than anything
I’m not following the first part of your comment. But I moved into: SPY (followed by SPYM=lower cost). QQQ followed by QQQM (same as above: lower cost) Moved in SMH this last year to take advantage of AI but from a different angle.
Trim your individual stocks and anchor your portfolio around a few broad ETFs like VOO or SPYM. You could still hold small satellite positions in a few conviction bets (e.g., Google, Nvidia) and/or speculative high risk/ high reward. But I would keep the speculative position under 5% of your total portfolio. At the end of the day, it’s hard to go wrong building around a low-cost ETF that tracks the S&P 500 and letting compounding do the heavy lifting.
SPYM and SCHD. Put half in each and don’t look at them every day. ETF’s are great because there is a rotation where bad companies are dropped and good companies are added.
Yea buying VOO over SPYM never made much sense to me. I mean it is a really small amount in difference, but a dollar is a dollar lol.
Tell her to correct someone probably told her SPLG which changed to SPYM and didn’t realize difference. She will get crushed over a year or 2 (not designed for long term exposure) but guessing you know that and just posting
SPYM is a cheaper alternative to VOO with lower expense. They both are the same, one is just cheaper.
VOO or SPYM if you want a cheaper one
1. All in except for 6 months emergency saving and short-term spending plan. 2. Never late. Price always goes up. Think 5 years ago, how much was it compared to now? Go with index funds like VOO, SPYM if you don't know anything. Study risk management before investing in specific sector or individual stock.
OP u can short SPYM since SPY is expensive. No need to use a put as u would have to worry about a strike price and expiration date.
SPYM maybe will work for you, but it's only 30 day options. Entry price is low though.
The average person should put it into the S&P500 (SPYM) and never touch it. Since that's you, that's what you should do. You should roll over the 401k immediately to an IRA. If you want to try to time a good entry, then let it sit in SGOV or SPAXX until you decide when to buy. I can promise you that you will lose money if you try to trade, especially in this political climate.
If you want long term pure growth, instead of individually investing in random top company stocks, consider consolidating to QQQM. Look for index funds instead of individual stocks. QQQM is a growth index fund by Invesco that tracks the NASDAQ 100 companies like Nvidia, Microsoft, Tesla, etc. it also has a pretty low expense ratio at 0.15. There's also SPYM which tracks the S&P500 and it has the lowest expense ratio out of pretty much any index fund ETF you can buy into. There's VO and VB, which tracks mid cap and small cap sectors that you could be missing out on that aren't in the S&P500 that could have breakout growth. This way you don't have to put all your eggs in one basket if a few companies shit the bed. In an index fund, that money is shifted around for you as company sizes change over time. So all you have to do is invest and forget. Here's an example of a portfolio: 70% QQQM or SPYM 10% VB 10% VO 10% IAUM Obviously you can adjust this based on how much risk you want to take. It's also common for people at your age to just 100% QQQM or VOO or SPYM. Just do some research on what index funds you think are right for you.
VOO is for squares. Buy SPYM if you want the S&P500.
SPYM or SPYG are much cheaper but also much less liquid. IWM is very liquid and about 1/3 the cost of SPY. It also outperformed SPY last year.
try to only trade 2% of your account - if you end up with only 3K in your account, don't do any options unless they're \~60 SOFI, F, SPYV, SPYM all have cheap options that are near the money for 1 buy of either a call or put - you might need to take some risk though as in the money options are usually around 100
May I suggest SPYM over VOO? Just cause of the minuscule ER difference
not this shit again. im sticking to SPYM and momentum ETF. not letting some busted ass IPO wreck my portfolio
Why do people say to buy SPY when SPYM is right there? For options I get it but the whole buy and hold degenerates why not just do SPYM
What fund, because even basic ETFs like SPYM are at least 0.02%.
back to ETFs and boring SPYM for you..peasant
Once again, you're underperforming QQQM (and SPYM). You can play the same margin games with the QQQM and do better if you believe it's up and up. You are confused by what you think is a *guaranteed* 10% dividend. See [https://imgur.com/a/rG4PHd4](https://imgur.com/a/rG4PHd4)
buying momentum index funds paired with broad stuff like SPYM. i got burnt out trying to pick market sectors or individual winners
nope. momentum and broad index ETF's are doing exactly what theyre supposed to. momentum is growing or clawing back losses when things quiet down in the world. SPYM is limiting the damage
SPYM for broad market. FMTM for mometum. VYM if you want dividend growers
I have been looking at dfus as a good cheap option , that should be close to vti with out the ipos and filters for profitability . I don't even know what I should do with my vti in my brokerage accounts, just start buying dfus going forward. Also isn't SP500 supposed to not allow ipos for 6-12 months, so VOO/IVV/SPYM should be somewhat safe to keep holding some of this stuff I am still trying to wrap my head around.
start a roth. fidelity or vanguard. i prefer fidelity. throw that money in SPYM to start
Roth IRA is a tax free account and that's very good to max out yearly when you are young. Start with opening a schwab, fidelity, vanguard or similar account, creating a roth IRA, and buying a money market fund like SWVXX for schwab for example so your money is doing work while you plan your portfolio. I recommend the S&P500 index like SPYM, VOO, SWPPX, etc. Or a total world index like VT for example. These are general starters to research around. More aggressive growth funds are like QQQM, SPMO, SCHG for example are the best for your age. Small strategic satellites might be individual stocks, dividends, international, small cap. Don't get carried away with these and some people are fine not buying them. Don't waste your money on bonds, reits, crypto, and weird stuff. Dollar cost average consistently for success.
gonna stay in SPYM and hope sp500 doesnt add this shit to the index
yes. SPYM is good all the time. i got 40 years plus left
If permanent life insurance is that thing where you put money into it, *more* as you get older, and then you can pull it out as a cash benefit, I'd say run to the hills. These grow more slowly than the market average and get progressively more expensive as you age. The main selling point is that it's cheap now when you're young and healthy (and naive). If the best selling point is a sense of urgency, is it a great idea? If they're selling you relief from potential FOMO, is that the same as relief because you made good choices managing your money? Guess what is equally cheap, doesn't get more expensive to contribute to as you age, and historically yields higher returns? Furthermore, you can manage it yourself and avoid fees for managed or guided investing. SCHB, VTI, ITOT, or VOO, SCHX, IVV, SPYM, etc. aka. the total U.S. market or the S&P 500. And you don't need all of those, you can just pick one. Or pick VT for the whole world market and chill.
keep buying SMH, SPYM, and FMTM
Lowered my exposure by 2/3 on 20 March. I will get back in 100% when the S&P 500 is 1% or more above its 200D SMA. I use UPRO risk on and SPYM risk off. Up 80% since 2024. Before that I used to be just a buy and hold investor.
im about to full port into SPYM
i moved from vanguard to them. fractional share buys are very nice. super easy to deposit money into my roth ira. i buy other ETFs such at SPYM but my roth holding entity is fidelity.
SPYM and if it keeps falling, GOOG.
Get rid of silver, EART, and individual stocks. That's high volatility and not for beginners. Keep VXUS and add SPYM, 80/20. Keep adding to them when you can. Don't check portfolio daily. Before you know you'll be up 50% and then you can stomach some volatility, probably.
Buy a hundred shares of SPYM and sell calls against that. Only $7900
SPYM is SPDR 500 but it’s only like 80/share
If you like VOO, you might like SPYM ( exp .02) better. Only 2/3 the expenses.
You should like someone who should stop investing in individual stocks and go invest in S&P 500 (SPYM or VOO) and focus your attention on something else, like learning a new skill or reading a book.
QQQM will self cleanse unlike VGT. VGT depends on 3 stocks performance only. Both are great options. I would rather SPYM.
SPYM/VOO is 87% of VTI, and yes it has similar number of Mid caps as in VTI. SPYM/VOO has outperformed VTI by 11% in the last 5 yrs. Sure recency bias, but it is a fact, even though, it is said they perform similar. When small caps pop, VTI has 8% in small. which is so insignificant you would almost certainly do better with buying SPYM/VOO and some in VBR to avoid trash stocks that are in VTI. SPYM/VOO filters trash stocks unlike VTI. SPYM is cheaper e.r. than both VOO or VTI.
>if they DO matter -how do you even calculate that? Look at the fund's prospectus. It's required to tell you. A fund screener will typically also allow you yo search by expense ratio. >is there a simple way to see how much drag fees are putting on your portfolio over time? You can actually try an experiment. Look up several S&P500 funds and their expense ratio. You can actually see quite the range. For example, SPY has an expense ratio of 0.09%, but SPYM has an expense ratio of 0.02%. VOO is in between the two. Once you have a list, make a comparison chart, and see if you can see any deviation. At that expense range, you won't see any difference. The real issue comes with more active funds that might have a 1-2% expense ratio. That would have a significant impact unless they can create returns that are 1-2% than an index fund (which is unlikely)
I think SPLG/SPYM is the cheapest. I don’t understand your hesitation, you don’t wanna realize your gains? If so, then just stay put, we’re talking pennies on the dollar (literally). If not, then what’s stopping you from just switching?
I’d wait, it’s going to start getting ugly. If you can get time back that’s always for my goal. For example I put a limit buy on SPYM (formerly SPLG, lower cost version of SPY). I’d like to buy what it was worth 6 months ago. Used about 50% of my available contributions to that, keep the rest back if it gets really ugly. I’m in the market for the long run but if can I can get time back, ie buy the major index for what it was worth 3-6 months ago I look at that as a win. I don’t speculate much beyond that. If we have a major recesssion I may put more in but even $10k wouldn’t impact my life too much when I’d rather have cash in case of emergency
fair VOO fees are low but SPYM is even lower
I think my first question is what really is your taste for risk (i.e. risk tolerance). The headline says "without taking too much risk", but then you mention about growing it more aggressively. Being that you're 22 and you have more than 30 years of investing time, you should be able to lean towards being more aggressive. In general you could have the core of your portfolio be something like VOO or SPYM (same S&P 500 index, but slightly cheaper expense) and then sprinkle in some more aggressive plays like a sector/category you think will do well (i.e. SMH or SOXX for Semiconductors) or some individual stocks.
Yes, it would almost certainly make sense. It's a 30 bp difference (and hopefully you're holding your gold in a tax-advantaged account since it's not eligible for long-term capital gains treatment in taxable, which would make the exchange frictionless). It's a lot like SPY/SPYM: GLD is older and has an active options chain (GLDM does not have an options chain at all), but for buy-and-hold, GLDM is superior in every way. Also consider IAUM, which has a 1 bp lower expense ration compared to GLDM (though at that point it's splitting hairs).
I’d recommend skipping the prudential advisor and any financial advisor. They’ll just eat up your cash on fees. Skip the annuity. Open an account with Schwab, Fidelity, or E*Trade. Without knowing your investment objective, risk tolerance, time horizon, conservatively, if you need a $1,000/month for living expenses, you can put $300k in a HYSA that gives 4% interest (at least for the time being while you can still get 4%). Invest the rest in SPYM (smaller expense ratio than SPY), VTI, QQQ, or a combo of these. Set it up for dividend reinvestment.
APPL, TSM, NVDA, MU👍 If you plan to hold for long periods of time QQQM/SPYM > QQQ/SPY
SPYM, stick to ETFs not individual stocks. Thank yourself in 20+ years.
That would still be FXAIX, which is a Fidelity mutual fund tracking the S&P 500. VOO (along with SPYM; both track the S&P 500) trade in shares, but you can trade as little as 1/1000 of a share with Fidelity and can enter orders in dollars (it may need to round to the nearest 1/1000 of a share, but with SPYM especially that will be $0.08 increments.
If you want passive income check r/dividends but really you should build your emergency fund then start putting money in Roth and buying SPYM.
>My local jewelers stop accepting silver at $115+/oz…. And it’s now ~$70/oz. It will get back to $115 an ounce before it goes to zero All good - just keep in mind the guy said he's wanting to invest something like $300k "for the long term" if he invested in SPY (0.09% fee) vs SPYM (0.02% fee) assuming a 25 yr investment - compounded with average return of 9% per year vs 8.93% per year would be a difference of about ~$48,000 after 25 yrs. You act like the difference is miniscule but - that's a lot. Its literally enough to buy a decent car these days. (Might be a cheap used car in 2051?)
I own a tiny bit of silver (less than $1000 worth) But I don't plan on selling it during a flash - "crash" Sure it sucks to lose a few percent - so what? If you believe in its value you either sell before it crashes or you wait to see if it rebounds. Those guys trying to sell at the peak might be glad their limit orders didn't get filled. When Chinese new years ends next week - it might just peak a little higher than jan 26-27th levels (I hate Ray dalio. He's a big china bull and not my type of investor. (I'm china perma-bear) But I read something he said about precious metals - general idea was everyone should own between 2-3% in silver and 4-5% in gold / or some.variation of that. I totally disregard his china stance, but I kind of agree with the idea that precious metals should be part of a portfolio - and ride the wave. I'm not looking to sell those. Just hold till I'm 60+ (similar to SPYM - not looking for liquidity - looking to hold for a long time) if I want liquidity I buy spy or VOO. For trading But investing I don't need 8x the liquidity I am not going to sell unless my wife gets cancer and my insurance refuses to pay for the meds
Bro if losing $790 on TSLZ ETF and trying to breakeven is hard yours is like building a spaceship that travels FTL. That’s the way I put it. But if you can wait thousands to millions of years, just put it all on SPYM or SCHG ETF and you’ll breakeven 😂
Everytime I put in a limit order for SPYM at the market price - it fills in seconds (or immediately) - its not like we are talking about some penny stock. Its the low expense ratio version of sp500. Its fine.
Still dumb. If you want sp500 go SPYM for the lowest expense ratio (But hedge it with some international funds like FRDM and IEFA)
SPYM is cheaper than VOO or VTI.
SPYM better version of VOO but beats both voo and vti coz of lower er.
Could you explain the investment strategy and goal? Especially if this is a multi-decade investment horizon, SCHD and SCHH in particular are strange choice. Dividends should not generally be a focal point of a long term buy and hold strategy. Further, you hold VT, SPYM, and IXUS. In this structure, it looks like you’ve just constructed VT with extra steps and a greater expense ratio than necessary. Now there is actual merit to AVUV. However, to explain this we need to examine something called the five factors. This is something I am not qualified to explain myself and I will link a good video to it below. HOWEVER, in your case and in the nicest way possible, I don’t think YOU even know why you are considering AVUV. https://youtu.be/jKWbW7Wgm0w?si=bEOUZaF8xeW0RF6k The crypto funds… Again, I have to ask why you want these. What are these achieving that you don’t get from stocks? Are these just an attempt at diversification or held for another reason? Also people are talking about bonds bad in reference to your SGOV allocation. They make little sense here considering the high risk profile of the rest of the portfolio. Typically, investments in cash or bonds are used to lower a portfolio’s risk profile. You’re trading returns for safety. Even at a 5% yield, this is not a great decision. This video gets into it here. https://youtu.be/KdzOlRRHOU8?si=XXViK6zbiFVz9pXb Lastly, could you please explain your investment goal and/or how you even got to this set of funds? I would like to know the story here.
SPYM is cheaper at 0.02% but lower AUM and trade volume especially during pre and post market so tracking errors may be higher. VOO is 0.03%.
If you want 1 fund, VT is the way to go. If you want to be able to balance your international exposure then consider 2 funds - VTI and VXUX. If you do decide you want an S&P 500 fund as your only holding then consider SPYM as it has a marginally lower ER ratio than VOO (0.02 vs 0.03).
The large cap Russell 1000 (=S&P 500 + mid cap S&P 400 + 100 largest S&P small caps) has slightly outperformed the s&P 500 in select 30-40 year periods. However the fees are usually a bit more. There may be some slight differences in terms of when a mid cap gets added to especially the S&P 500, but probably not that significant mathematically. The long term chart of SPTM (S&P 1500) is close to SPY and SPYM (SPDRs S&P 500 ETFs), .. but ITOT (iShares S&P completion index of 2200-2300 stocks ~ “S&P 2250”ish) lags a little. Now if all small caps roar back ITOT will probably soar, but also think it’ll be short-lived.
Buy SPYM and QQQM and leave it
A good app to track ETFs and Stocks is the Google Finance app. It also has sections containing currency rates and foreign markets. Pretty intuitive... and updates on the fly. As for VTI, it tracks very similarly to VOO, which is a Vanguard fund containing the top 500 largest companies. Some brokerages have their own version. Many prefer SPYM, which is the same as VOO but it's a tiny bit cheaper. VTI is great though. As for the turbulent times ahead...He's likely to get crushed during the midterms... so have faith.
Thanks for the insights! Yeah exactly what i was thinking. I would feel comfortable having multiple contracts, bought at different times on SPYM. But even just one Leaps on SPY would stress me out, too high percentage of my account allocated to one contract.. buying more Leaps when the right opportunity comes would not be an option
The bid-ask spread sucks, the expiration selection sucks, but I still trade it. It allows me to respond to changes in volatility, and scale in and out over time. I stick close to the money when selling puts because in SPYM 1) its smallness allows me to take a closer delta, whereas I get really nervous with SPY and tend to do deltas in the teens or 20s 2) I intend to get assigned, so being near the money is fine 3) assignment means less churn against that bad bid-ask. I don’t want to trade in and out of it, roll and manage, and get shredded by the bid-ask. The bid-ask of the ITM calls isn’t great but they aren’t awful. I’d say it’s worth it in the sense that the bid-ask is kind of the extra insurance you pay for staying small and manageable, and being able to scale in more heavily when the price drops. And if you can scale, your timing doesn’t have to be as perfect as it is with a large SPY trade.