If you have to ask us, just sell em all, buy some beer and enjoy life.do yall think i should cash these 3/20 SPY puts during this dip or hold?
YOLO'd Entire Account on Puts
- Thread starter zghorner
- Start date
I cashed out near $39k profits and have put most of it back into further dated puts, (may/June). Most of those have lost a lot of value these past two weeks as the markets have clawed their way north but I am still convinced I should hold for now. My account is ~$30k cash so if worst case scenario happens and I get wiped out I will still have something I can come back with.
How much are you under with the new puts? Care to share a screenshot of your positions? Btw, kudos to you for sharing your screenshots. I have done so myself recently, wished there were more who do so. Add a lot in terms of credibility.
Yea I’ll post one up later I’m still being lazy in bed reading “market wizards” haha.
Obviously WWE is the bane of my existence. Wrestlemania is this weekend and i expect it to drop hard with nothing to look forward to for several months. Most of my positions are dependent on the S&P performance (foreign ETFs barely have a mind of their own), they just had much lower premiums that SPY. I will give it until earnings the next week or two...if the bull doesn't yield after everyone releases negative earnings then I will have to bow out and wait until i am comfortable with going long.