Anyone buys deep out of money SPY puts to protect against a big market sell off?

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I think it depends on your time horizon. If this is for retirement and you’re 40 (~20 years until traditional retirement age) there’s no point wasting money on puts as the market would most likely rebound by the time you need the $$$. However if this is more short term then you have to determine how much you’re will to pay for the puts aka insurance.

You couldn’t have come up with a more boring response.

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