Submitted by Evanisnotmyname t3_10ptwcg in wallstreetbets
Natural_Bag_3519 t1_j6m9q74 wrote
Reply to comment by notfunny2022 in I’m autistic and sold my Xbox to buy puts. Tell me where I should blow my load by Evanisnotmyname
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?
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