5 ms·
I had calls on spxs at the start of the year. If didn't work out that well. But I have similar positions again. Any reason you chose spy over qqq or others?
by base698 10y ago
I had calls on spxs at the start of the year. If didn't work out that well. But I have similar positions again.
Any reason you chose spy over qqq or others?
- lujim 10y agoqqq would probably be ok. I like the open interest and spreads on spy options. I'm not looking to make a killing on options (or I should say I would love to but don't think I could), just looking to hedge out some systemic risk on a buy and hold portfolio.
- deleted 10y ago[deleted]
- base698 10y agoI've made some huge mistakes, but I'm up 20% overall YTD. Just randomly picking tech stocks with out of the money puts has been profitable enough to stay up 20% even if the majority of them wash out. Biggest hit was 8x.