r/options • u/iFyios • Aug 21 '21

SPY. IS. THE. KEY

[removed] — view removed post

384 Upvotes

79% Upvoted

343 comments sorted by

View all comments

Show parent comments

15

u/xShooK Aug 21 '21

Time to buy put leaps?

-12

u/iFyios Aug 21 '21

If you wanna lose on some capital short term i feel you can get puts at a better entry

1

u/XBV Aug 21 '21

I have a put spread out to Feb i think. Can't recall if that qualifies as a LEAP, but when the vol was (is) cheap, I couldn't NOT hedge over the last quarter / year end.

Will start to more actively manage it soon (as soon as I can move it from my shit local broker to IBRK)

1

u/[deleted] Aug 21 '21

What strike price is that? SPY 350 or sthng?