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Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

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From: luvb2b (Rep: 2098) reply to ninjaninjaDate: 11/27/2019 05:09
Forum: Wall Street Pit - Msg #2806165 - List SPY msgs Thread #674109739 (Rec: 0)
luvb2b_express trade slowly picking up momentum. i rolled mar20 spx calls down to 3500 strike. it's been fun trading index options lately as cash settlement prevents having to forcibly exit positions that are expiring. on those the commission savings is about 95%: meaning, if i had to do 2000 spy calls as 4000 round turns to open and close, i can do the entire trade with only 200 spx options, and may only need to execute the opening side as the closing side will cash-settle. another nice feature of the index options has been that i can always hedge with another cash settled index option, and not worry about closing that either. for example:

if i am carrying a large 3130c position overnight, i may hedge with a 3140p position, and i don't ever have to worry about closing either side.


Re: SPY Dec 6 2019 308 Put (Weekly) .49 Tiny Insurance



"There are those who market trades, and there are those who trade markets.

There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b

***Disclaimer & Disclosure***: I make no guarantee as to the accuracy or validity of information in this message. Messages posted reflect my own opinions and/or those of others, and are posted for entertainment purposes only. My messages should not be construed as investment advice. Always make investment decisions in consultation with your own financial advisor. Daytrading is not suitable for everyone. You trade at your own risk. Daytrading involves considerable risk and could result in significant losses, including losses in excess of invested capital. Any information posted here is meant for entertainment purposes only and should not be assumed to be accurate. It is expected that the readers of this information do their own research and due diligence when making trading or investment decisions. I may have long or short positions in any of the stocks that are mentioned, and these positions may change at any time.



Reply to ninjaninja - Msg #2806152 - 11/26/2019 18:22

SPY Dec 6 2019 308 Put (Weekly) .49 Tiny Insurance
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