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alexander0789 OP t1_iy959f3 wrote

Reply to comment by ORCA_OF_WALLST in SPY 396p YOLO - Let’s ride the wave down to 320 by alexander0789

Yeah, I struggle with options and theta so I went less risky and just bought ATM puts instead. I know I could have gotten more but if I’m right about the target, it will 6x anyways.

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BDboyJ t1_iyalm5h wrote

This is the right thinking OP. Don’t listen to degenerates.

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Alternative-Season45 t1_iybz6z2 wrote

Lmao bro it will not 6x. You really think we’re gonna see spy at 320 in January? Next cpi is gonna be cool again spy is going back to 420 by January and if we do get a crash it’ll be end of q1/q2 next year. !remindme 30 days

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shamwew t1_iydoiq5 wrote

Look into debit spreads, caps profit but turns theta decay in your favor

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alexander0789 OP t1_iydp9jb wrote

Yeah, I’ve considered before. Thanks for the heads up.

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