3 ms·
On a risk-adjusted basis, without an actual edge helping you determine which options to buy, this will not outperform SPY.
by fractionalhare 6y ago
On a risk-adjusted basis, without an actual edge helping you determine which options to buy, this will not outperform SPY.
- tedunangst 6y agoSo is that the answer to everything? If you want more risk, just lever up 4x on the S&P? Why do other stocks even exist?
- fractionalhare 6y agoIt probably seems cavalier or maybe dismissive, but yes. If most people want to take on more risk, I'd suggest just levering up SPY. Without an edge buying options is just going to be beta anyway, but costlier and with extra steps. Take away the discretion unless you're provably excellent at it.