Earning $1,014 from SPY PUT options and achieving a $624 gain from VOO PUTs through collection.

by | Apr 6, 2023 | Fidelity IRA | 1 comment

Earning ,014 from SPY PUT options and achieving a 4 gain from VOO PUTs through collection.




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Recently, there has been a lot of buzz in the investment community about the use of put options to hedge against potential market downturns. Two popular options contracts that traders have been taking advantage of are SPY PUTs and VOO PUTs, which are tied to the performance of the S&P 500 and the Vanguard S&P 500 ETF, respectively.

One trader, who goes by the handle “OptionSnipe” on online forums, reports collecting $1,014 on SPY PUT options and realizing a gain of $624 on VOO PUTs. This impressive feat was achieved in just a few days, and it highlights the potentially lucrative opportunities that exist for those who are willing to take a calculated risk with options trading.

For those who are unfamiliar with options, a put option gives the buyer the right, but not the obligation, to sell a security at a predetermined price within a certain timeframe. This is an attractive strategy for traders who believe that a particular security will decline in value, as it offers them a way to profit from that decline without having to actually own the security.

In the case of SPY PUTs and VOO PUTs, traders are essentially betting that the S&P 500 and the Vanguard S&P 500 ETF will decrease in value, respectively. When the market declines, the value of these put options increases, allowing traders to sell the options for a profit.

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Of course, options trading is not without risks. Options are a highly leveraged investment, meaning that a small move in the underlying security can result in a large gain or loss for the trader. Additionally, options have a finite lifespan, which means that timing is critical when it comes to buying and selling them.

For this reason, it’s important for traders to do their research and have a solid understanding of options before jumping in. Many traders use technical analysis, fundamental analysis, or a combination of both to inform their trading decisions.

That being said, for those who are willing to put in the time and effort to learn the ins and outs of options trading, SPY PUTs and VOO PUTs can offer an attractive way to hedge against market downturns and potentially realize substantial gains in the process. As always, it’s important to exercise caution and do your due diligence before making any investment decisions.

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1 Comment

  1. Chad Marshall

    Cant you still get in trouble doing VOO after SPY since its the same exact thing? Thought most people switch over to VTI to avoid wash sale problems. Enjoying the content.

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