ohai is right.
You right, you right. My B.
So you assume that those views aren’t already priced into the price of the Jan 2022 SPY calls? Because if they are, you’re just playing lottery against the market.
I mean, we’re basically pretty sure that SPY will be worth more than $250 in Jan 2022. And I only have to pay $36.00 a share as a gamble. I’m just saying, the risk/reward on that --> yuge.
Who we? It seems that very few players out there think so because those calls are cheap. If everyone thought that the risk/reward ratio is great, the option market participants would be bidding up the price.
Markets are pretty efficient, especially in vanilla products such as spy options. Just buying options because their absolute value is cheap is a popular amateur move. To really make money on these things in the long term, you need to have an edge; a view/interpretation that is not shared by other investors. As long as you don’t have one, you might as well be flipping coins.
Bought some lvmh ADRs this morning
It’s still early!!
I still got some capital and leverage to deploy if necessary.
Bottom pickers get stinky fingers…
haha its been such a rapid decline and that because everybody knows we are already in a recession.
Are you still buying @Sweep_the_Leg ? Can’t stop the strategy just to win an argument you are wrong about 
@ohai, what do you think about using 3x when valuations are cheap? Still sticking with 2x?
at certain levels 3x stop following their underlying 1x well. 2x still decent better than 3x tho
Yep. I posted somewhere else I’m continuing to DCA into SSO, QLD, and ROM. It’s worked out okay so far in that I’ve been able to keep my cost basis per share low. But, I only have about five days left worth of cash to deploy so we’ll see…
In many scenarios, 3x is better than 2x. But since 2x is the most general, it tends to be the winner. In the USA, sometimes the optimal has been closer to 4.
Volatility needs to calm down just a little though. Options are extremely expensive right now. Which to me means we’re going to consolidate a little with a counter trend rally. Probably wouldn’t bet a retracement of half the drop isn’t off the table.
dear sir please xplain why NDX index up 3.38% while QLD up 5.18%.
tanks much
have not seen much about 4x but im fine with 3x as long as the relationship doesnt break down then its down to 2x.
I think the 4x is too rare to be a good probabilistic bet.
“No one gets hurt on a rollercoaster unless you jump off.” 
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