3 ms·

Buy a bunch of $SPY puts.

• wcoenen 7y ago
  Wrong side of the trade, buying puts is like buying insurance; it's a bet that the price will go down further, while OP wants to bet that an overreaction has happened. You'd have to write puts (thereby earning the premium) or buy calls to bet in the other direction. (Incidentally, it's not just about direction. Option bets require you to be also right about magnitude and timing.)
  • quickthrowman 7y ago
    You could even sell puts or put spreads to pay for the calls. The volatility lately makes the timing and magnitude a lot less crucial for option trades.
• deleted 7y ago
  [deleted]