Hi everyone. I’m new to the options game and just about blew up a calculated percentage of my portfolio (less than 5%) and have decently researched the Greeks, different strategy’s and how options change over time. I was looking to get my shit together and maybe try some SPY leaps to amplify some of my returns. Does anyone have any suggestions on DTE’s, strike prices, ITM vs OTM leaps, implied and historical volatility suggestions or any helpful experiences? Let me know I clearly need some criticism. Thanks!
SPY LEAP’s Suggestions and strategies
byu/Far-Average5880 inoptions
Posted by Far-Average5880
1 Comment
Look at OTM definitely but not too far out. Like 5 points maybe.
Put your buy price low as that is really important on options.