More SPY Puts! | S&P Reaches a 52 Week High

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The S&P500 reached another 52 week high today. So I went ahead and pulled the trigger on some more SPY puts.

The last puts I bought caused about a 7% loss. The ones before that were a 15% gain. Before that, another 15% gain. My track record on SPY puts in the past month or so has been pretty solid thus far.

Today is no different. The market is overbought, but I feel like it's been overbought for months going on years already.

When the corrections will happen is anyones' guess. I'll continue to hedge my long-term strategies (which give me long exposure on the market as a whole) against these short-term hedges that allow me to participate in some small (or large) corrections in the market.

Today's puts:

  • SPY
  • $329 Strike
  • 2/3 expiration date
  • $204 per contract
  • Target return = 15%

My aim with this play is that the market will open down tomorrow and allow me to have a swift and profitable exit. Considering a few factors (namely, volatility) I feel that this has a pretty strong possibility of turning out well for me come tomorrow morning. I'll push out an update with the happenings when the market bell ding dings.


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5 comments
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Thanks for the update on SPY. Sounds like more goodnews Will be coming. May the market work in your Favour

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It's triple witch Friday, so anything is possible...should be an interesting one.


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Good to have this kind of posts, let us study your thought process when entering trades. How abt your stop ?

btw a few qns on leo,

  1. i saw on leo platform at the end of the post there's a list of recent post, that really sweet. Are you able to add each post view count, popular post by view count, post by tags ?
  2. will there be a easy to use mobile leo platform something like partiko previously ?
  3. are you able to let each user add google ads to their page ? like wordpress/blogger ?
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maybe write a small how to...

I come to trading from a crypto perspective so I am curious how you trade stocks and where...


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