SPY

GameLoreReader

Majority of banks are estimating that they will just hold it steady again and Jpow will be saying something something about 'needing more data to be confident'. Either way, I really wish it would make SPY/QQQ very volatile either pumping up a lot or dumping like crazy. Yet, the Hedge Funds love to ruin everyone's fun by trying very hard to keep it flat.

taikotaki

I don’t see how BTC will affect SPY tho

Honest_Explanation_7

BTC going down hard...SPY will follow

pennybones

if you believe in astrology then it looks like SPY needs to close over $908.07 tomorrow to continue the uptrend. otherwise more downtrend.

149AssetManagement

Everything everyone else said + 1. People put a small amount into SPY EVERY WEEK through defined contribution plans (401k, etc.) 2. The S&P 500 has a great global brand. As well, the USA economy having a similar brand. It’s the “Land of Opportunity”; if you’re smart and hard working you want to end up in USA to maximize your return on personal capital. 3. Big, profitable companies want to stay in the S&P 500; so they do lots of things to make that happen. 4. The best companies are able to reinvest capital in the most productive ways; and are supposed to look out for shareholders first. 5. Think of owning stock as employing millions of hard working people who are trying to deploy your capital in the most efficient way possible. They are working everyday to improve their company (where they often own stock)… and in turn your capital will grow.

GameLoreReader

Those trading SPY/QQQ this week, beware for Tuesday and Wednesday. Market could most likely stay sideways with the FOMC meeting being two days (April 30 and May 1).

SamaAltman

But how much will it go up before the crash? If SPY goes up 30% from now and then crashes 15%, I'm still happy I bought now.

Boatstockofficial

Monday and Tuesday will be crazy for SPY then the drop is Wednesday

themadpooper

Depends on what you think SPY is gonna do. Since it expires tomorrow if you hit break even I'd sell unless it's crashing and you want to see if it keeps going. As for rolling into weekly puts, in my opinion when you're talking about buying options, "rolling" them is just mental gymnastics. You're really just taking the loss on your current bet and placing a new bet hoping it will make up for the loss. That being said if you still believe SPY is going to go down and that you were just early, could be a good move. It's possible that we're looking at a small bounce in the middle of a larger crash, and if we are this is probably about the level it would bounce to before continuing down so it makes sense to me. That being said I rarely bet on SPY going down since it's default direction is up and yet puts are a little more expensive than calls. Good luck whatever you decide to do.

Positive_Wheel_7065

Target date funds are super simple, and a very safe way to invest without any thought. If you want to be a bit more active than that,Consider the world of ETF's. There is an ETF for everything and picking the right ones for you can seem daunting. There are the simple ones like QQQ that tracks the NASDAQ and SPY that tracks S&P 500, they move with the market and are diversified enough that you dont have to worry about a single company tanking your portfolio. I like high divident ETF's like JEPI and JEPQ. They also track the NASDAQ and S&P 500, but they employ strategies to also provide monthly dividends along with market movements.

OptionsSurfer

If you're used to SPY prices, you might try XSP instead of SPX. For me, SPX is a different than SPY, especially if you're following charts and trends during the day, and I'm guessing XSP may be a more equivalent transition. You might try paper trading both to confirm they work the way you expect.

HoosierGuy2014

Everything will be bullish this week. SPY 520 by 5/3.

NeatSuspect2435

Callin’ & Ballin’ with some SPY and NVDA

frumpydrangus

SPY call (twice) Tesla call, meta put, NVDA call 🤑🤑🤑

Independence_6018

I have a ton of SPY calls $510 4/29 I might be fucked or to da the moon 🌕

Relevant-Nebula8300

SPY 690.69 end of year confirmed

Altruistic-Prior531

What is stopping the SPY from going above 509

Suavecore_

Can't wait for SPY to dump 4% this week. So excited

slightlyassholic

I think I will have a day trade become available tomorrow. If so, I will do a screen and run a day trade on whatever is hot. I will also check to see how mobile SPY is and maybe do a 0 or 1 dte call or put depending on the weather tomorrow morning. No sense making any detailed plans the way things are right now. I'll just search for something with the right signals and see which way the wind is blowing SPY, QQQ, and the others.

MinimumAd4814

SPY sorry i didnt be specific

DarkRooster33

>You have this weird ''we have to get from this peak to another peak'', like the people are just putting money in the first peak and never again, while in the most likely case majority of the money put in has made a lot of money. Just invest every month or even every year, not just once a life time. Dot com is the best example people misinform themselves of as well. If you invested from 80s or even beggining of 90s, you saw your portfolio be up 400-2000% at dot com peak, that was the situation investors found themselves in, SPY index wasn't bad either. You never really went negative or didn't get your promised 8% a year from SPY index. But nobody just waits for one peak to hit another peak, its not like someone won the lottery and put the lotto winnings at peak and is now waiting for another peak to put his lottery winnings in. It took 13 years of investments to go up and then Dot com bubble crash spend only 2 years going down. Dot com crash set you back only to 1997, yes you would been in total positive for all the money put in before to perpetuity. Then after dot com SPY spent 5 years going up until again crashing for 2 years going down. After that it spent 11 years going up. Though 2020 is barely a crash and took only months to recover. So you generally spent like **5 years going down** and **more than 24 years going up** If you invest every month, its like 20% of your money going down and 80% going up after investment, given enough time the entire 100% of your money is up. But even if one was Bob, he just can't stop winning anyway. There isn't 10-15 years of constantly losing money, that part is just false, you are just scaring yourself and others from investing. That myth of just investing in market peaks and waiting for that money to get back to the peak is nonsense and not how anyone actually invests or is ever suggested to invest. So in general SPY index has performed way better than you are suggesting it has.

Xiodes

Here's to hoping SPY dumps at open a bit for puts to print so that we can then switch to calls

thezenunderground

Hilarious that the S+P/SPY/QQQ weekly candle closed with a higher low and a lower high. This means indecision. We could go up, we could go down, we could go sideways. I prefer to believe we are going to have a good week tho

Relevant_Ad1494

SGOV until you decide! Then SPY. RSP. DIA until december

Immediate_Pen_891

SPY will get rejected at the 50 day moving average or maybe slightly higher this week. Either way it will drill to 494 and if it breaks that support maybe we see sub 490. I feel like we need a bigger correction before the inevitable climb back to ATH by election so Biden can tout how great the economy is doing. Just speculation but this is my theory for the next 2 weeks. or so. So in other words: bols r fuk.

JustmeandJas

I read that as turns you on. Like.. ooooo SPY!

JustmeandJas

I bought SPY both ways. I’m fine. I’m BiStocksual

ilikebunnies1

Hoping to god my full port SPY puts from 498-509 print tmo. 

chewbaccashotlast

It was a stupid play and I had read up to expect SPY to be sideways. I still went $4-5 OTM on hopes it would be choppy sideways and never got it. After so many red Fridays there had to be a green one and I chose the wrong one to go bear

GentleHomicide

SPY Calls 0DTE

chewbaccashotlast

Puts on QQQ lol. I had over 100 contracts for SPY $503p basically expire worthless Friday so if my track record is right it means SPY will open at $504 tomorrow and finish at $494

Theme_Options

Any earnings/macro events and more importantly the market’s response may definitely cause a shift to a weak cycle, which is unfavorable for NVDA to get the strength to push to ATHs. This is why I added “strong market cycle + SPY > 500” as part of my trading criteria. I am not saying NVDA won’t have relative strength if the market falls, I just prefer to trade alongside the market cycle/SPY flows.

iamchromes

$14k cash. Whats my play to buy at open, sell at close tomorrow that isn’t SPY or QQQ ?

BNS972

Why would you benchmark that fund against SPY? IWF is much more appropriate for the holdings. Still underperforms though

surfinbird

SPY PP PHAT 

Front_Expression_892

Business as usual. Even if EU cuts rates, it is still much better to do business in the US, compared to the EU. Post-prexit UK is a joke. Kiwis are a small market. Developing markets are crazy. So people will bite the bullet and do businesses in the US and people from other places will try to migrate to the US and expose their markets to the US, even if the rates will be increased. The only thing that we should fear is Trump, if he really goes with the "tariff wars YOLO" plan. It does not mean that SPY will always go up. But it means that even with increased rates in the US and decreased rates in the EU, the US is still the better place for doing business.

big-rob512

The two most reliable BDC's are probably MAIN, ARCC. OBDC as another honorable mention. It's nice to have some of these stocks for income generation but probably would focus on QQQ/SPY while your getting started.

Lost-Practice-5916

###🚨 🤯 Atlanta Fed Now Estimates 3.9% GDP Growth in 2Q, Sign of a Booming Economy! 🤯 🚨 * American workers crushing it. Excellent monthly job prints still. * Real disposable income soaring. https://i.imgur.com/CXqVSHO.png * Stimulative and loose monetary policy 1 year+. https://i.imgur.com/zUlTThH.png * Bank lending hitting ATHs. https://www.federalreserve.gov/releases/h8/20240419/ * Plummeting spreads, high appetite and flowing credit. https://fred.stlouisfed.org/graph/fredgraph.png?g=1kGDr ***Dec SPY Calls R Da Wae***

Striking-Block5985

You are correct to some extent, however, we are comparing it with selling calls and doing it for ourselves and the fact is that the beta is lower than the SPY. The objective is not to benefit from the growth of the market but to get regular income. Its not something one should load up on but use as a component of ones over all strategy for some people. The fund managers skew it to the higher div stocks in the SP500 and they are very selective and active in how they do it. Most retail traders will eventually mess up on selling SPY calls and likely go many 1000's underwater on their positions owning the SPY , This ETF will drop in market correction too but not by as much as the SPY the fund is not meant to be a growth fund its an income fund and when there is higher volatile it actually returns more income. So you see it is a good way to make money relatively safely. [https://www.thestreet.com/etffocus/high-yield-ideas/unmasking-jepi-is-beloved-dividend-etf-hiding-potential-pitfalls-investors](https://www.thestreet.com/etffocus/high-yield-ideas/unmasking-jepi-is-beloved-dividend-etf-hiding-potential-pitfalls-investors)

Jaynki

Thanks. Effectively it may be suited up better with SPY for the better liquidity and spread but i like the cash settlement since my strategy imply letting all positions go to worthless expiration.

tutmoses21

!banbet SPY 520 14d

tutmoses21

!banbet SPY 515 2d

thatstheharshtruth

Why wheel SPY when this underperforms the market? You get most of the downside while missing out on the upside. Not to mention volatility is relatively low currently.

PutzOnEverything

!banbet SPY 420 35w

rocksandpebbles1

100% true. Options trading allows you to stabilize the up and down of your portfolio a bit more than buy/hold of SPY, which is something some people want and others aren't worried about.

PnkFld

SPX is more widely used by hedge funds (especially the bigger ones) than SPY.

DicLord

Here is some of her performance FYI. She got lucky during Covid and managed to blow all of it in what is possibly one of the best bullruns in S&P History. After fees for the last 5 years you would be Net Negative. Your better off investing in SPY. The 1 year dividends in SPY alone beat half of her entire portfolio's 10 year existence. Do not take Cathy Woods advice... https://preview.redd.it/3e67zqzjz8xc1.jpeg?width=1080&format=pjpg&auto=webp&s=93b423ec1b5dee92f41712f50b6e1017ce22f4cf

Slipperypuppy25

!banbet SPY 490 1d

PapaCharlie9

Backtesting support and push-button services are all over the place. While there's always room for incremental improvement for existing backtesting, if you want a really big need that has yet to be filled, it would be in the adjacent field of *free* bootstrapped Monte-Carlo sims with pro-level option price modelling and that does at least 50k trials. And the bootstrap needs to be on reasonably fine-grained historical underlying price data, like at least every 10 minutes. One-minute samples would be better, but that can be both storage and cost prohibitive. For either the Monte Carlo sim or incremental improvement of existing backtesting frameworks, a way to modulate volatility as an input would be interesting. Like use the historical SPY prices from 2010 to 2019, but what if volatility was 2x historical? Or what if volatility was flat? Or what if instead of historical volatility, fit the price data to this alternative volatility surface?

lamedogninety

!banbet SPY 495 4d

questionr

If using cash secured puts, the wheel will underperform just buying and holding SPY. The wheel will smooth out your P/L over time. You can think of delta as the number of shares controlled. So if you sell a 20 delta put, you're essentially controlling 20 shares of SPY. So if SPY goes up $1, all other things equal, you make $0.20 on your 20 delta CSP. The theta you make is not going to make up for that other $0.80 you could have made. The wheel reduces risk compared to a buy-and-hold strategy. The market is not going to reward you for higher returns while you're reducing risk. If you want to outperform the market using the wheel, you'd have to use something like futures options that give you extra leverage, but that comes with extra risk.

pinghing

lemme guess SPY 512s?

Uisce-beatha

I liked the price on Friday so I got $1,500 worth of 5/31 $490 SPY puts. I don't think SPY has it in her to break $510 before taking another pullback

tranceworks

Easy answer is to buy SPY and QQQ and then forget about it.

pinghing

Too many plays for this week. SMCI AMD SPY for Tuesday AAPL

Suitable_Traffic_145

Read about the selling cash secured puts, and covered calls and you’ll understand why your comment above makes no sense. My account would only go to zero if SPY goes to zero since I am not using margin

PriceNation

Simple advice that will make you wealthy. Save more than you spend and invest in low cost ETFs such as SPY or VTI and hold until you need it. It isn’t timing the market it is time in the market. Just read a random walk down wall street

Suitable_Traffic_145

I’m only writing contracts that are backed by cash in my account. For example, if SPY is at 500, I would need 50k in collateral to write one contract. I never write more contracts that I have cash available. I could theoretically write three contracts for a notional of $150k with $50k in cash if I used margin. Sorry if unclear

sellputsthencalls

Your question suggests the beauty of option selling — it helps to control risk. I wheel SPY. I use Fidelity’s probability calculator to help me choose strike prices — I aim for 80% chance of worthless expiration/20% chance of assignment. Using weeklies, my premium yield is around 75 bps a month, so your 93 bps means a slightly higher assignment chance. With shooting for 2% a month, a much higher assignment chance is required. Of course, beyond my 75 bps premium yield, I have the chance of SPY depreciation & appreciation.

yolodaily

SPY went from 400s to 500s in a day lmao bears don’t even understand math

sarazax

Where do you guys see SPY/ s&p 500 EOW?

HaveFunWillTravel69

Imagine not having SPY puts for the crash coming this week. Just imagine.

tedlassoloverz

you wont beat SPY and you charge for it

Scrogwiggle

Should have done it earlier. Almost did it back in Dec but didn’t for reasons I won’t get into (employer dragging feet basically). I wanted to put it all into SPY 2025 500 calls which seemed like a no brainer at the time. Would be up 78% today had I just done the transfer back then.

MagicalPeanut

I’ve changed my strategy over the years, but currently, I do something similar to that of wheeling SPY. My returns generally beat the market (15-20% per year), with last year being the exception when I was up 22.31%, while SPY was up somewhere around 24.76%. I haven’t been keeping track this year as diligently as I did in previous years. I switched from Ameritrade to Fidelity to take advantage of the 5% APY on uninvested cash and decided to move my emergency fund there since it offered better rates than my HYSA. So now my spreadsheet is a more high level overview of my finances rather than just my options. Currently, my return is at 4.17%, compared to 5.25% for SPY if you're interested. Regarding the traditional wheel strategy, it typically involves trying to exit stock positions and making most of your profits from selling puts. With an account that pays interest on uninvested cash, especially in today’s high-interest-rate environment, you could potentially do extremely well. My approach is a bit different—I use Facebook Prophet for time series forecasting, allowing the forecast to determine the deltas at which I sell options. Additionally, I plan to buy and hold throughout the entire month of December for a couple of reasons: to avoid wash sales for tax purposes and because historically, the “Santa Claus Rally” has outperformed my any strategy I try to use during this month so I gave up trying to beat the market. And similar to this, September is always very tight on the call side and very loose on the put side. Another unique aspect of my strategy is that I aim for a 50/50 split between put and call options. For instance, if I find myself with all cash and 10 SPY puts to sell, I might sell 5 at a 25 delta and 5 at a 40 delta. This way, I increase the probability of owning shares on half of my positions. Even if SPY remains high, I’ll still benefit from its performance by collecting higher than normal premiums.

Scrogwiggle

Just received my 56k IRA transfer to RH 🤡. Monday I buy 100 AAPL (17k), 55 SPY (30k), and 9k into QQQ 440-450 Jan Calls.

Final_Historian7309

!banbet SPY 500 3D

tbb2121

Sounds like a great strategy to me. You will save enormously on fees and transaction expenses that you would incur on other strategies which would only underperform SPY.

juzz88

Play with $100k. Save the other $900k for the next recession, then buy SPY as close to the bottom as possible.

RyanStonepeak

>My wife and I are very good at saving and investing and not living outside our means so this additional money we don't really need. You're off to a great start right here. >My wife and I have no outstanding debt outside of a single car loan and a small mortgage payment. What are the interest rates on these? If either is above 7%, I would pay it off on the assumption that you couldn't *reliably* get a better return over the life of the loan. Plus there are tax reasons you'd prefer to pay debt over gaining additional income. >My kids will enter college within the next four years so I'm trying to take that into consideration as well. How much do you need the investments to go well in order to help your children with college? From what I've read, 3 years is the threshold for whether you should be aggressive or risk averse with the investments, but it's obviously not a one size fits all rule. With all this in mind, I'd recommend the following flow chart. 1. If either loan is above 7%, pay it off. 2. If you need the money to pay for college, CD's have some great rates right now, as do HYSA's. It's boring, and that's a good thing. 3. If you don't need the money to pay for college, an S&P 500 ETF is the way to go. I prefer SPY but you can take your pick. 4. If (and only if) you have any experience with options, a protective put might be worth paying for. It will cap your downside exposure if the market takes a downturn, while still giving you most of your upside exposure.

Brus83

It depends -when- SPY goes down (eventually, this happens) and by how much, and how leveraged you are. Play with it and then compare returns to SPY. In the last couple of years it has probably underperformed SPY because it has seen solid growth, but in choppy times it could outperform it. In a down year, and these will happen eventually, well...

Stock_Advance_4886

[https://spintwig.com/spy-long-call-45-dte-options-backtest/](https://spintwig.com/spy-long-call-45-dte-options-backtest/) [https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/](https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/) It's a good practice to look at historical performance. It doesn't predict future performance but gives you some idea about it. Makes you be more objective. Because we tend to be biased. It is easy to make some backtesting when a general index is wheeled. But, where you can make (with more risk) those 2 or more % are wisely picked individual stocks. I think that is what u/alphapursuits was talking about also. I try to find good businesses that I would like to own anyway, plus they should have a good dose of volatility and trading volume. With SPY, not so easy. You want 2% a month, but you say if you are caught bagholding you would just wait till SPY you are holding recovers. Keep in mind that while waiting (which is not bad idea at all) you are ruining your average return on premiums, because it will be 0% while waiting, reducing your average return from 2% to, let's say 1%. If youridea was to generate a steady monthly income of 2%, you failed.

dcgain

Are you just selling credit spreads? Or some other strat. I just recently got into SPX. Going to migrate fully to index or futures options and stop dealing with SPY and QQQ specifically because of tax implications.

Suitable_Traffic_145

Because my fundamental belief is that if things do sideways, I am perfectly fine holding SPY. I wouldn’t be comfortable using my entire account on credit spreads

MohJeex

No... that should be obvious. If you could generate a 24%+ return a year by simply doing it, everyone would do it. In fact, wheeling SPY has been shown time and again to underperform a simple buy-and-hold of SPY. It's not when the SPY tanks that you have to worry about, but you will technically fair better in that scenario than someone holding SPY, but it is actually when SPY pops up that you have to worry about. Missing those days because you don't have enough delta exposure will greatly affect your return in the long run. People who get 2% a month are probably not doing the wheel on SPY. They doing it on underlying that are considerably much riskier -- higher risk, higher return. Wheeling two contracts of SPY will inevitably underperform just holding 200 shares of SPY--it has to because it is lower risk, otherwise the market wouldn't be efficient if a lower risk strategy generates a higher return.

kRiTiKaLplays

I wheel the SPY with 250k cash + margin. I own 800 shares and have been selling premium against them. Contracts a month out are actually worth less than 1% of the position since being assigned at $520. You probably need a tight range of no more than $5-10 for premium to be worth it and a DTE of at least 30 days. There's a lot of hurry up and wait with those DTEs but you're probably looking at a 1% return

Upstairs_Shelter_427

You’re right, let not talk about individual stocks. XLE, the oil industry ETF is up 53% since 2014. SPY, is up 300%. SMH, the semiconductor ETF is up 1000%. Oil is a dead end - I say this having heavily invested in OVV and OXY in 2020.

OtherwiseNinja

80% since 2014 is pretty bad for a single stock... Simply investing in SPY would have got you damn near 300%

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!

cryptocorrection69

I’ve heard this a million times, it will pump..but not much. You’d be better off buying 0DTE SPY puts Wednesday morning before the fed meeting 

blackjack_bull

Anybody want to provide feedback on my plan to beat a HYSA this year? The moderator bot removes my posts :( "I am putting $25,000 to work for 6 months as an experiment to beat the HYSA it is in (4.25% apy with ally), with a setup that would still perform during a this-year market drop. I'm fairly new to this, and this is my "stab in the dark" after looking around: To start I want to put $15,000 into t-bills. I read about t-bills, bonds, cds, and t-bills seem to be great for their liquidity and tax benefits. I'm fine expecting to get 5.3% apy from these, correct? With that in mind... To not miss out on potential stock market returns, I want to put $5,000 into FMILX (Fidelity New Millennium Fund). If the s&p does well, this fund would get phenomenal returns. I regularly trade SPY (small account, high risk options), and feel semi-comfortable with what I've observed this year to date to come up with this. The next six months could absolutely be a correction period, or just ignore this drop and keep zooming. Additionally, I want to put another $5,000 into HYBL, because of their dividend history. 19 cents a share a month is $34 a month, or 8% a year, which seems awesome on paper. Then if the s&p goes up, I see even bigger returns. I found them using tools on Fidelity, if that means anything. All that said, if the market does well, then duh this will perform great. More importantly, let me know if my thinking is right. I don't think it's stupid to think the most the s&p could drop in the next 6 months is 14-15%, which is a lot, but not impossible. I am using the dividends off the HYBL and the t bills as a hedge against the s&p dropping. No such thing as free money, but to me, this looks like a solid plan to at least earn 1-2% on the money (if the market drops 15%) which is at least on par with the HYSA. But if the bull continues, I could see a significant short term gain: The dividends yield (+$204), t bill earnings (est 5.3% apy, so +$400), a -The dividends on HYBL would yield +$204. -The last six months of FMILX did +20%. So +10-220% in the next six would be +$500-$1,000. -HYBL would perform similarly, keeping the prediction simple at +$500-$1000. -Assuming 5.3% apy on the t-bills, that's +$400. All taken into account, my predictive results of this mix after six months invested are: In a poor index market, the $25000 would grow to $25,250-$25,500 (1-2%). The HYSA would have grown to $25,531.50 (potentially a percent better performance than my mix). In a great index market, the $25000 would grow to $26,604-$27,604, a 6.4%-10.4% gain. Obviously outperforming a HYSA. Am I going down the wrong path for my goals? Did I approach this well, or am I missing key factors? Thanks for any feedback at all."

Connect_Boss6316

Its all sunshine and pussies until SPY hits....

LVegasGuy

Actually, hold a few of the large ETF's longterm like SPY and you will outperform 90% of investment advisors.

Bluegunshot1022

Considering i made 1,500 from 300, you can easily make 1k from 100k. Your safest option would just invest it and wait. Or since you’re in this subreddit, you could do 1 0dte SPY option Monday and quadruple your 100k

HandsomeAssJoe

2% seems aggressive for SPY. Would probably need to trade 45 to 50 delta weeklies to do it. It can be done but will likely not sustainable. May want to look at QQQ or IWM instead for more volatility/prem.

ShadeofBlu

SPY🚀🚀🚀

OptionSalary

With no ex-div on SPY in this timeframe, it is VERY unlikely you'd be assigned. If you are, generally just close the short shares and sell your long call to capture any remaining time value in the long call.

CarRamRob

QQQ/SPY won’t drop 90%. They just have to drop 30-40 percent, and trade sideways for a few years. And any leveraged fund will be doing 100x reverse splits. Government can’t always control things perfectly either, and government could even be the root of the next market downfall. Do you really think they want 6-7 companies that have that much power, and such little employment? Not really. There could be antitrust lawsuits defining the market 10 years from now, where all the majors of QQQ get their growth restricted when the government is leery of companies having more power than themselves. So, just because we have been in some sort of stable growth period from 2009 to today, with very short lived dips, doesn’t mean that will continue. Even a decade or two like the 60’s or 70’s would rip apart a leveraged fund like that. Invest how you want, but the purpose here is people explaining to younger folk what mistakes they would avoid, and this is a big one that I see many people don’t understand. They just pull up the “life” history starting in 2010 and think it’s impossible or it won’t continue to recover after every down period. Little do they know that after every major crash they usually have to reset these types of funds because they go bankrupt…and that’s probably why TQQQ (and the like) normally are started in 2010.

dbgtboi

i am very familiar with volatility decay, but it also works the other way around too, if stocks rarely see red days then the 3x leverage makes a hell of a lot more than 3x the underlying the only ones i would hold long term are UPRO and TQQQ, because those are 3x on SPY/QQQ which are protected by the government / fed, you will definitely have shit years like 2020/2022 but as long as you don't see SPY dropping 50%+ then you are fine i would definitely not touch SOXL though, that one can blow up for sure

Own_Composer3682

!banbet SPY 520 3d

Own_Composer3682

!banbet SPY 515 3d

Boatstockofficial

It be a damn shame if SPY fucked all our calls Monday

BAGross85

Loaded up on puts, 2 DTE to 365 DTE. Best part? $13,000 of it came as free money in the last 3 weeks. Gonna sip Rumpleminze and watch the world burrrrrnnnnnn. I’ll become a Bull again, around SPY $175.

dbgtboi

A max drawdown of 20-30% because the government / fed won't let it go further makes SPY / QQQ low risk. 20% isn't even a crash when we regularly see spy/qqq up that much every year

DarkRooster33

Seriously, people here are now trusting ''bankeronwheels'' which is trying to peddle their own business. How low can this sub fall. Even the graph at #1 is weird, SPY is not the entire USA market, its 500 largest companies. What does he also mean by rest of the world, how does one invest in the entire rest of the world with more than 300 mil companies in there or even entire USA market, its really all more confusing information than actual answers? He also fails to mention that global etfs have a chance of having 60% of it in USA alone. He doesn't cite anything there. Actually many of his citations later on are locked behind sites own premium. ''**Value investing is not very glamorous. But the entry point is cheap. Remember that you can either have high prices or high future returns, not both. The price you pay matters.** '' Really, value investing? Nobody is going to save you when that ultra valuable purchase stock you purchased will never rise. Issue is the value investors would been better saving all their lives looking for value plays and dumping their entire net worth into Apple stock. Big tech companies do offer high price and high future returns. Then it even puts some fearmongering * ''Parts of America are left behind like the comet’s dust. An impossible catch-up game as inequalities are growing. * Internal conflicts are rising. Whether measured by protests or political drifts. * Healthcare is inefficient. Lack of social safety net makes scandals that kill hundreds of thousands of people and leave millions addicted, possible.'' You could made the same arguments past 50 years, 70s were freaking insane with its political turmoil, CIA flooding the entire country with drugs that devastated countless people and healthcare leaving people behind. AIDS was such a huge disaster people to this day think its an actual death sentence while its barely an issue for 1 pill a day. ''#6 DON'T FORGET ABOUT EMERGING ASIA'' How are Chinese stocks doing these days? Hahah. While one doesn't forget about emerging Asia, one also would want to look into their entire history, their mentality and how those countries operate today. One can't legally buy a share of Chinese companies here, that is a big red flag. South Korea is country more than 70% of people report as living in hell, not surprising when its a deeply corrupt country enacting capitalist dystopia which is controlled by few huge companies, one will also need days to understand Japans culture, stagnation and their fiscal policies. Nobody should invest in there because of throwaway comments. We all known the running joke on how much people idolize Asia to later find out its absolute hell hole. On contrary many demonized countries there to this day can turn out to be absolutely magnificent. # ''#7 DARE TO 'DISAGREE' WITH BUFFETT AND BOGLE'' # '' BUT HELP OUR SHADY SITE WITH * *📞 Setting Up A Coaching Session* * ☕ *Treating Us To A Coffee* * 🐶 P*urchasing Our Official Merchandise* * *❤️ Exploring Other Ways To Support Our Growth, Both Financially And Non-Financially.''* Next article gets even funnier, don't invest in S&P 500 ETF, invest in one of these synthetic ETFs instead.

RetireWithRyan

The data disagrees. Most market moves occur before and after closing, when earnings are reported. This shows on the macro as well (SPY, QQQ, IWM, etc). That said, no the market shouldn't be open 24/7.

themadpooper

Any theta gang here? Curious if anyone is selling 0 DTEs on SPY and how it’s working out

losangeles2801

So I have been doing the same for 3 months now. Same capital as you. 220k cash + I own stocks so that adds margin availability. I do 5 contracts at a time. 0.3 delta, 0.25 delta, 0.2 delta, 0.15 and 0.1. I am okay getting assigned for 2 of them any day but the remaining 3 I ideally don't want an assignment. So if I go ITM which I am on 2 of them now, I will roll those 2 for $10 lower and out by 30 days. And will take assignments on 2 lower priced ones. Ideally not all 5 will go ITM. I sell the monthly expiry 45 days out. Let me know if you figure out a better strategy. My goal is to create income and eventually get all $220k invested in SPY to do buy and hold. Just don't want to do it right away with market being at all time highs.

birdsaresnitches

Leaving the community and going to focus on work - anything above emergency fund goes to SPY and I’ll get that rush selling call options once I get 100 Good luck to everyone still playing - I hope your moves print and options cash 💰

wallstreetbets-ModTeam

Thanks for your submission! r/WallStreetBets is ultimately a community about making money through trading, and our conversations should shift around that. Politics are fundamentally intertwined with making money, and political actions almost always have an impact on financial markets. Still, we need to make sure that when we have these discussions, we're explicitly calling out the financial impacts of the politics we're discussing. Otherwise, the conversation can very easily veer off into flamewars and boring, unproductive, discussion. Here's an example of a political comment that doesn't offer any value: * "I hate this new green policy from the Biden administration. What a fucking idiot" Now compare it to this: * "I hate this new green policy from the Biden administration. It threatens the profit margins of oil companies because they will need to expand their OpEx. I have calls on Shell that are going to get decimated at open." The latter is significantly more interesting and offers a great jumping point into market related discussion. Put succinctly: If you choose to start or engage in arguments about libtards or Nazis instead of making fun of their bad SPY long then you're in the wrong place and we'll show you the door. If you're not sure if your content is political, it probably is, and there's probably a better way to post it without making things weird. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!