How to short the S&P using options? Day & swing puts

LOL..not a chance that was where he was going....

 

We need a Dunning Kruger section on ET.

 

Did anybody capture the 200%+ gains on the SPY puts today?

 

I was long SPX 4430 put spread and then thinking there will be a rally, went long 4435 Call spread And the SPX settled at 4432.70

Luckily, I entered both for a small credit which will more than pay for the commissions and dinner tonight.
I like this kind of directional trading, a nice addition to my theta decay trades.

 

I invest in LEAPS

 

For day trading?

 

Come on man, get your Murph movies straight. It's Trading Places, not 48 Hours.
Happy Saturday.

 

No, far OTM directionals only. Anywhere from 6 months to 1.5 years out.

 

• S&P Futures down 0.55%.
• Perhaps Monday might be a good day for the SPY Puts that expire Monday.
• Buy 1-strike OTM at market open.
• Sell 1/2 hour before market closes.