Natural_Bag_3519 t1_j6m8cgh wrote on January 31, 2023 at 9:11 AM

I'm gonna buy some 20c for spxs (inverse leverage spy ETF) tomorrow, to get ready for Wednesday. They're cheap and more fun than scratch tickets

Evanisnotmyname OP t1_j6m9g0r wrote on January 31, 2023 at 9:27 AM

Just downloaded robinhood. It says it’s for ages 4+ so I think I’m good

Sinner_flex t1_j6mh0e3 wrote on January 31, 2023 at 11:13 AM

I wouldn’t use robinhood

notfunny2022 t1_j6m92xu wrote on January 31, 2023 at 9:22 AM

Explain more

Natural_Bag_3519 t1_j6m9q74 wrote on January 31, 2023 at 9:31 AM

SPX is a leveraged ETF that tracks the s&p

SPXS is same thing but short instead of long.

I like it cuz it's trading at 19ish in contrast to SPX at 70ish and the options are cheaper.

There is a federal reserve meeting this Wednesday and earnings for some tech companies this week. If there's a interest rate hike and earnings are poor, s&p goes down, SPXS goes up, 20c print, wife moves back in maybe?