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

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?

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

Reply to I’m autistic and sold my Xbox to buy puts. Tell me where I should blow my load by Evanisnotmyname

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