03-27-2020, 02:51 PM
(03-27-2020, 02:17 PM)vbin Wrote: I am still holding my puts of spy 200 expiring in 6 months.
You will likely get some big downwards spikes to enjoy those in the coming weeks.
To be in the money at expiry, my UAL 35 Puts would have needed UAL trading around 27, due to crazy premiums, so selling during today's quick 6% spike down was an easy call. The SPY 210s were likewise quick trade material. The 240s feel a lot more solid, so am willing to hang on to those for bigger drop days.
I'm sitting on all my stuff bought in early February (SPY 308, 305 and 293 strikes with October '20 or March '21 expiries).