SPY
SPDR S&P 500 ETF Trust
stock NYSE ETF

Well… I took your advice, I thought about it, Flipped some SPY, and……. WHEN TSLA HITS $300 I WILL HAVE $500,000! YOU WILL REMEMBER ME

I'm looking at SPY puts and GOTU calls

SPY WILL PUMP UNTIL SOMETHING REAL HAPPENS! WE NEED MORE THAN A BANK COLLAPSE WE NEED REAL SHIT TO HAPPEN !

$SPY $ES\_F As noted, we broke 4017 (significant) and squeezed to 4030 on $SPX. This is downtrend line from the Feb highs. This holds we will see further upside.
[https://spyoptions.substack.com/](https://spyoptions.substack.com/)
Actionable levels and trade plan for tomorrow + today's trade recap out shortly.

May 2020 was the last time you saw SPY in 200s.
March 2023 is the last time you saw it in 300s.
For the rest of the year $400 is the absolute bottom that can't be broken. 🤌

You can do it either way. I only have ETFs, but at your age I'd recommend having the ETFs but also have any individual stocks you are passionate about.
When I said to compare, having a share of QQQ and XLK (not XLX) just lets you see how they do daily and over time compared to your portfolio. Of course you can do that without a share just looking online, but I think you will find that if you like tech, you won't need SPY and the others (except the KO/VZ part) if you held XSD/XLK/QQQ. If you held those three as a base, you could then get heavier with AAPL or NVDA or whatever, especially what might make sense to be heavier with temporarily.
XSD is the best performing ETF for the past ten years, and the second best non-leveraged one for the past five years. XLK the sixth best for the past five years, with only three semiconductor and two clean energy ETFs above it. QQQ is about 14th for the past five years but is the basic NASDAQ100 to guage everything and anything else against.

been looking into jumping into SPY options. Any positions?

It's been a wild ride, but I'm glad I persevered. This took hundreds of trades starting late October 2022. Pretty much all luck (timing). Most of the gains were when everything was going up between November 2022 and January 2023. There was a cash infusion of $100k in October, so the gains were really 70% or thereabouts (I didn’t claw back from $1k to $71k). More like $100k to $170k. It really takes money to make money. The $100k was withdrawn a couple weeks ago to go towards a home, so today’s +$9k was a legitimate 14% gain.
Biggest windfalls were:
$24k on $OUST, traded in Nov ‘22 and March ‘23.
$17k on $LAZR, bought 35k shares under $4 in Jan ’23, sold the next day. Missed out on up to $217k of gains if I held on longer and sold at the March peak.
$9k on $BARK, somehow, traded in Nov ’22.
$6k on $PYPL, traded Dec ’22 to Jan ’23.
$4.5k on $TEAM, traded in Dec ’22.
$3k on $FSR, traded in Nov ’22.
The other $7k-ish came from hundreds of tiny scalp trades on the Qs ($100 option scalps), SPY, ETFs, ARKK stocks, & large caps. Some losses along the way to cancel out some gains.
I almost slipped up at the beginning of March, I had accumulated 4k shares and 50 call options for $SQQQ purchased on March 3rd around $37. The intention was to scalp an unholy market pump. The market kept pumping, so I averaged down and I didn’t close out the position that day because I didn’t want to accept a $2k loss fighting the pump. That weekend I was kicking myself because I knew come Monday I’d probably be down $3k-$5k more. I watched in disbelief as those positions lost $12k in 3 hours on March 6th and when the market finally started selling off, I got close to breaking even, and chickened out of the positions. Then banks started collapsing later that week and I missed out on $30k of gains. Makes money seem so fickle, doesn’t it? At least I preserved the capital for another day.
Anyways, have a great day. I'm off to celebrate this weird feeling of having a green "All" page on Robinhood.

Follow the rules, discuss your thoughts on market, as always keep the huzzah-posting to a maximum!
https://preview.redd.it/m0s9ff4bazpa1.jpg?width=782&format=pjpg&auto=webp&v=enabled&s=24c8279c755ee738e5306ae7af0041284da1d26a
Links: [SPY Heat Map](https://finviz.com/map.ashx) / [Futures](https://www.investing.com/indices/indices-futures) / [Market Calendar](https://ycharts.com/indicators/economic_calendar) / [Unusual Option](https://www.barchart.com/options/unusual-activity/stocks?orderBy=volume&orderDir=desc) / [Option Strat](https://optionstrat.com/build/long-call/SPY) / [Profit Calc](https://www.optionsprofitcalculator.com/) / [DIX](https://squeezemetrics.com/monitor/dix) / [Terminal](https://twitter.com/DeItaone) / [Ape Tracker](https://www.stockninja.io/wallstreetbets-tracker/) / [Ape Tracker #2](https://www.memebergterminal.com/) / [Ape Tracker #3](https://apewisdom.io/wallstreetbets/) / [Ape Tracker #4](https://yolostocks.live/) / [Ape Tracker #5](https://www.quiverquant.com/wallstreetbets/) / [Wiki/Links](https://www.reddit.com/r/wallstreetbetsHUZZAH/wiki/index) / [Synth](https://drbergeron.github.io/)
[View Poll](https://www.reddit.com/poll/125yz1v)

4.5% here in a MM acct, and using my LT holdings in a margin acct to sell CSP's on SPY And QQQ weekly!

SPY close above the 50sma bullish.

SPY close above the 50sma bullish.

You are right. the SPY is on an uptrend. It will rise in the next few days

Long SPY 398 puts expiring Friday @ $1.05

What happened with SPY today?

Luckily my SPY puts dont expire till 6/16 😁 ()

SPY. It’s the only one that matters

Your expected return with such a strategy will not be higher than buy and hold SPY. What will you do if the SPY loses 5% or 10%, will you lower your strike and risk to be whipsawed or do you accept lower premiums, which will make 1% per moth impossible?

Who the fuck is buying SPY at 401? Do you know how ridiculously overvalued it is?

Right now you could buy 100 SPYs for 40,135.50 and sell the 30DTE 20 delta 418 call for $1.85. That works out to: $185 / $40135 / 30DTE \* 365 = 5.6% APR.
If over the next 30 days the SPY falls to 350 you are screwed and waiting for recovery to your cost basis - or near enough that you can sell calls - is like watching paint dry.