Hope everyone got some SPY puts on the cheap today during the major dead cat bounce

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Sold $8500 worth of SPY calls that had been struggling before the bounce and bought 29 SPY puts for ~$10k at various strikes ($232, $230, $220, $200) and expiries between tomorrow and 5/15. Total of 41 put contracts now. Even if tomorrow is green again I expect Thursday or Friday to be bad as cases increase with more testing. Also have puts on INDA and various EU ETFs and travel stocks.

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My 401k is down 6 figures but let’s not reflect on that. 😂

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I'm hoping market stays strong into open tomorrow due to the stim bill. After that is when I plan to enter

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Thinking 4/30 200p

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Bought 8 4/17 @ $190 around the low point mid day...pretty crazy to watch them go UP during the EOD spy rally because of the increase in IV! Stim bill could bring another rally day in which case I’ll buy a few more tomorrow to average down

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Bought 2!

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I couldn’t watch a 9.5% bounce and not grab a couple

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What strike and expiration do you target in this environment?

I did $240 strike July 17th as I’m newer to this, interested in here peoples thoughts on Puts in this volatile environment if they go short term or medium term, ITM or OTM

overall i think this is a pretty good gamble as you’re close to the money and IV recently fell off a cliff.

bought a couple 220/230 4/17

Credit put spread?

averaged down on 4/17 $230s. will do the same tomorrow if another green day. also eyeing the 5/15 $220s

My expy dates are all around mid April and near $200 strike prices

4/24 220p checking in

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Additional Posts in Option Traders & Investing

Anyone getting into VIX options before the FOMC meeting?

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Can someone please explain how rolling (sold) puts to following week works?

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12/23 Thread (General):

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Is anyone actually making any new trades today or just participating in the sell-off by taking money off the table/sitting tight?

MSFT, JWN, INTC, OXY/XOM, PEP, CHGG, ADBE are some of the stocks I'm closely watching/considering getting in on.

Option 1: sell puts which protects from further downside but locks my money/caps upside in case we do see recovery?

Option 2: buy shares which doesn't cap my upside in case recovery starts next 2 weeks but risk further downside?

Option 3: ???

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Anyone know why OIS tanked today? Also, are you buying more?

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$MSFT is killing it lately 🙄

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Wanted to start selling covered calls on T so I’ve been working on buying 100 shares. Just realized how inexpensive T options are 🤦🏽‍♀️ now I’m wondering if it’s even worth it? What stocks are better for covered calls.

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After going full WBS I’ve returned to you all, where I’ve actually made money following your good ideas

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Yikes. Looking like another red day. What stocks are you watching and at what PT will you get in?

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Any wayfair plays? It’s back up to the $190 mark

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AAPL & TSLA . . . backdoor ways for big money to exit to weaker hands? Discuss.

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Sorry for the delay, was sick yesterday. And yes, when I say sick, I really mean hung over. Been a few years since that happened. Anyway, good luck. I personally don't see any plays this week.

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