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Enthusiast
If you panic sold 100k of equity (especially index funds) on a green day, you aren't ready to trade options. You will lose money very quickly unless you can remove emotion from your trading.
Enthusiast
OP - yesterday was a green day, right? Or at least flat if you look where it opened, but it gapped up.
Subject Expert
You panicked on an up day?
Subject Expert
Like STA1 said, yesterday was a gap up open and it closed above the Friday close. It was an up day. And the swing was actually not very big while VIX fell.
Panicking yesterday was playing a weak hand.
Try playing around w options for couple hundred ~ max 1k you will quickly see how easy it is to lose and gain money
Enthusiast
OP - this is exactly why you never liquidate a huge amount of index funds. Assuming you sold around 330, SPY is up 10% since then. You can't predict how markets will move, so its best to not touch your LT portfolio. Take it from someone who cashed out Tesla at 700 pre-split only to watch it double again.
I wouldn't throw it all back in yet, but scale in and wait for better entries. I would expect to see some selling in the near future, but that may be preceded by more upside.
Lolol
Election panic. You should have long Vix, and bought spy puts and calls to play volatility
Subject Expert
That worked last week... not as much so far this week.
If you want to build long term wealth you should be investing and holding ETFs, not options.