Conservative option strategies, what did you buy or sell today?

[fenders53]

(04-21-2020, 12:54 PM)vbin Wrote:

(04-21-2020, 11:45 AM)fenders53 Wrote:

(04-21-2020, 11:17 AM)vbin Wrote: I closed a spy put for profit today. Still have too many of them.

I would do that methodically because you know what will happen if you dump them all at once right?   I intend to take my own advice but mine are longer dated so I can wait awhile longer for mayhem lol.

Mine are September puts but still I think it's better to close them slowly. Not sure what u mean by not closing them all at once?

I mean exactly what it sounds like you are doing.  I was joking but not really.  If I sell all mine the same day, you can bet the SPY will crash the day after lol.  Did you see me crash the whole oil market by buying back my USO puts a couple days ago lol?  Otter bought his SPY puts way early on for cheap.  It's a little different when you are up 200-300%.   He was more patient than I likely would have been.