Thanks for the responses.
To clarify, I am not trying to "beat the market" or make any complex plays. I am simply trying to get market exposure to the S&P 500 index but with downside protection. One way I could do this is to get the SPY ETF and buy a protective put. But instead what I want to...
I want to do a simple trade of going long on in the money S&P 500 index calls - as a strategy of being exposed to the market with downside protection. My question is what is the best way to set up this trade. Specifically - whether to use index options or options on an index ETF? And in index...