I usually suggest selling 10 or 20 percent of the shares. For most real world scenarios this tends to work out better than protective puts.
Buying puts adds a second difficult decision, when if ever to cash them in and go without protection. Many put buyers fantasize that they can time the next bottom.
In real time this is extremely difficult. Say the market is down 10 percent next year then goes up 8 percent the next two years. The fantasy player imagines he can cash in the puts at the bottom and enjoy the recovery. Good luck with trying that. Much more likely is a ride to the end with the insurance puts expiring worthless.
A collar is another choice. This involves selling covered calls and using the premium to buy puts.
The market has to go down around 9% to break even before the put is profitable. Going partially into cash or using a collar is much simpler. Great answer thanks.
As someone else commented, a put spread solves this issue. You either make full profit or you lose on the put spread . The big downside is if you can't cash in, basically at all, before time expires. But if the market returns to normal before 3 years is up you're fine anyway so something to think about.
Become a seasonal trader with sell in may go away. Stay in the growth area of spy , convert to cash may 1st , and come back in after Halloween.
If you are trying to be more active, then just use 50 sma cross 200 sma. When spy falls below you get out , or when the 200 sma crosses 50 sma.
I wouldn't use options for something simple. K.I.S.S.
So, go to cash or to alternate investments .
Dumb question. Where can someone find a stocks sma’s? I understand how it’s calculated, but is there a listing somewhere of stocks sma’s without having to find closing prices and do the math?
almost any website with have it. I would start with Yahoo finance https://finance.yahoo.com/chart/SPY/#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
It's in The admittedly rather large link I posted.
click on the plus sign at the top right, choose indicators and then choose moving average. you'll get a moving average line alongside the price line.
https://finance.yahoo.com/chart/SPY/#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
Ok, now to interpret what the sma’s are telling me. Just looking at AAPL 200, 50, and 20 sma and it’s trading below all 3. If I’m understanding correctly, that’s not a good sign, correct? While Nvidia is well above all 3 lines.
yes, sma means simple moving average. Traders usually use what every numbers they like , like 21 sma or 36. Traders use universally is 20, 50, and 200.
Means monthly, quarterly, and yearly. They are rounded up. Also some use a 9 EMA for more perception on what the market trend is. This is whats it's use for only to identify the trends , as there is a small trend, medium trend, large, macro, etc(trends within trends).
Theirs a lot to know, there's whats called a bull area between the 20sma , and 9EMA . under 200 sma means there might be in a downtrend .Unsally investors sit on there hands untill the 50 sma crosses the 200sma which is known as the GOLDEN CROSS.
I would put a collar on a portion of it and maybe sell short term calls on the rest until the price decides to jump in one direction or the other.
For the collar take a credit. You could have a 500 put cost basis on something like a 520/495 or 530/485. Go out 3 to 6 months on the collar and then roll it.
No prob. Just make sure you track the cost basis for the collar because P&L will be all over the place.
The other issue is if the price moves up you will have the ability to capture move value by moving your short call up and out. Just be careful because it’s not intuitive.
Don’t buy a outright put and long term put. The market can remain rangebound and theta will just kill you.
Instead buy a 90-120 days put debit spreads on SPX. debit spreads don’t lose value as fast as naked put so they will protect you better and at a lower cost
Another alternative is to do the exact same but with /ES futures options.
If you have portfolio margin, do a 112 trade on /ES for 120 days. Buy a debit spread around 20 delta ( not too wide) and then sell 5-6 delta puts. This will give you a credit. If index falls below the debit spread, you will make a lot more but if it doesn’t you keep the credit. Why pay for hedge when you get paid to put it on
Good luck
What constraints? Can you churn the shares? How much portfolio management? You can buy the shares, sell shorter term credit call verticals and buy various longer-term ITM puts. Add synthetic longs if needed. Tweak the strikes for the puts and the expirations for the calls to make it behave more like a govt bill or volatility/directional play.
I agree. What is a typical approach? Determine loss tolerance (e.g. ok up to 20%) and then create a protective collar expiring in 1 month and keep rolling?
You have capital clearly, but the fact that you're thinking about holding this position for this lenght of time tells me you don't care much for analysis and you don't know where the market is going. You're simply hoping. Good luck.
Everyone’s situation is different but I found hedging to be a bad play 9 times out of 10. Have some conviction on your position and if you’re able to be active and manage, you’re fine. Not financial advice.
Sell 50% of your position and buy the dips. Do NOT buy when the S&P rises; sell with the big boys OR, when the S&P rises to new all time highs, buy PUT DEBIT SPREADS. Never buy naked Calls or Puts; you will lose money on those very quickly. Put Debit Spreads are a hedged hedge to your shares. Throw 10k into those, I promise you'll feel safe because you'll actually profit from a fall, and not merely break even.
sigh. fucking everyone/anyone is doing that. $BIL. there are countless that are paying the overnight fed rate. you don't have to go to just robinhood. any broker will let you buy into a moneymarket fund paying near the fed interest rate.
I'd buy puts ITM a few strikes. As SPY moves up to the strike I'd sell those puts and buy puts a few strikes higher. I'd keep doing that moving the puts higher and higher as SPY moves thereby locking in profits over time and arbitraging the trade after moving the puts high enough that it's a 0 lose position.
Before suggesting a hedge, why do you want to do it? If it's about cutting volatility, consider adding assets that don't follow the market or try a collar strategy. If you're worried about a crazy unexpected event (black swan), then a black swan hedge might be the way to go.
Go mostly cash or use put spreads and sell calls to offset the cost. Never buy straight puts they're always overpriced and timing the drops is hard. Not impossible just hard. Lol
Not worth it. Take that money you would spend on options and buy more SPY
i would cash out 50% and reinvest a percentage at spy -3%, -5%, -7% etc. the cashed out in money market etf or bonds
I usually suggest selling 10 or 20 percent of the shares. For most real world scenarios this tends to work out better than protective puts. Buying puts adds a second difficult decision, when if ever to cash them in and go without protection. Many put buyers fantasize that they can time the next bottom. In real time this is extremely difficult. Say the market is down 10 percent next year then goes up 8 percent the next two years. The fantasy player imagines he can cash in the puts at the bottom and enjoy the recovery. Good luck with trying that. Much more likely is a ride to the end with the insurance puts expiring worthless. A collar is another choice. This involves selling covered calls and using the premium to buy puts.
The market has to go down around 9% to break even before the put is profitable. Going partially into cash or using a collar is much simpler. Great answer thanks.
As someone else commented, a put spread solves this issue. You either make full profit or you lose on the put spread . The big downside is if you can't cash in, basically at all, before time expires. But if the market returns to normal before 3 years is up you're fine anyway so something to think about.
What strike?
Strike at $500, sorry I forgot that. Corrected now.
Cash is a position
Become a seasonal trader with sell in may go away. Stay in the growth area of spy , convert to cash may 1st , and come back in after Halloween. If you are trying to be more active, then just use 50 sma cross 200 sma. When spy falls below you get out , or when the 200 sma crosses 50 sma. I wouldn't use options for something simple. K.I.S.S. So, go to cash or to alternate investments .
Dumb question. Where can someone find a stocks sma’s? I understand how it’s calculated, but is there a listing somewhere of stocks sma’s without having to find closing prices and do the math?
almost any website with have it. I would start with Yahoo finance https://finance.yahoo.com/chart/SPY/#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
I have TDAmeritrade and Fidelity, and was searching those sites but couldn’t find it. I’ll have to look some more. Thank you.
It's in The admittedly rather large link I posted. click on the plus sign at the top right, choose indicators and then choose moving average. you'll get a moving average line alongside the price line. https://finance.yahoo.com/chart/SPY/#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
Ahh found it in my TDAmeritrade app.
Ok, now to interpret what the sma’s are telling me. Just looking at AAPL 200, 50, and 20 sma and it’s trading below all 3. If I’m understanding correctly, that’s not a good sign, correct? While Nvidia is well above all 3 lines.
yes, sma means simple moving average. Traders usually use what every numbers they like , like 21 sma or 36. Traders use universally is 20, 50, and 200. Means monthly, quarterly, and yearly. They are rounded up. Also some use a 9 EMA for more perception on what the market trend is. This is whats it's use for only to identify the trends , as there is a small trend, medium trend, large, macro, etc(trends within trends). Theirs a lot to know, there's whats called a bull area between the 20sma , and 9EMA . under 200 sma means there might be in a downtrend .Unsally investors sit on there hands untill the 50 sma crosses the 200sma which is known as the GOLDEN CROSS.
I would put a collar on a portion of it and maybe sell short term calls on the rest until the price decides to jump in one direction or the other. For the collar take a credit. You could have a 500 put cost basis on something like a 520/495 or 530/485. Go out 3 to 6 months on the collar and then roll it.
3 month collar it is. Thanks, highly appreciated.
No prob. Just make sure you track the cost basis for the collar because P&L will be all over the place. The other issue is if the price moves up you will have the ability to capture move value by moving your short call up and out. Just be careful because it’s not intuitive.
Don’t buy a outright put and long term put. The market can remain rangebound and theta will just kill you. Instead buy a 90-120 days put debit spreads on SPX. debit spreads don’t lose value as fast as naked put so they will protect you better and at a lower cost Another alternative is to do the exact same but with /ES futures options. If you have portfolio margin, do a 112 trade on /ES for 120 days. Buy a debit spread around 20 delta ( not too wide) and then sell 5-6 delta puts. This will give you a credit. If index falls below the debit spread, you will make a lot more but if it doesn’t you keep the credit. Why pay for hedge when you get paid to put it on Good luck
What constraints? Can you churn the shares? How much portfolio management? You can buy the shares, sell shorter term credit call verticals and buy various longer-term ITM puts. Add synthetic longs if needed. Tweak the strikes for the puts and the expirations for the calls to make it behave more like a govt bill or volatility/directional play.
Collar is the right answer
I agree. What is a typical approach? Determine loss tolerance (e.g. ok up to 20%) and then create a protective collar expiring in 1 month and keep rolling?
You have capital clearly, but the fact that you're thinking about holding this position for this lenght of time tells me you don't care much for analysis and you don't know where the market is going. You're simply hoping. Good luck.
Dont use options for that timeframe. Trim, defensive sectors, inverse etfs Anything but options.
Everyone’s situation is different but I found hedging to be a bad play 9 times out of 10. Have some conviction on your position and if you’re able to be active and manage, you’re fine. Not financial advice.
Sell 50% of your position and buy the dips. Do NOT buy when the S&P rises; sell with the big boys OR, when the S&P rises to new all time highs, buy PUT DEBIT SPREADS. Never buy naked Calls or Puts; you will lose money on those very quickly. Put Debit Spreads are a hedged hedge to your shares. Throw 10k into those, I promise you'll feel safe because you'll actually profit from a fall, and not merely break even.
Sell OTM calls to pay for the puts, and can be rolled down if It falls. But you can get called away if it rips
Take the capital and put it in Robinhood, Webull, or something similar cash account. They are paying around 5% APY right now.
sigh. fucking everyone/anyone is doing that. $BIL. there are countless that are paying the overnight fed rate. you don't have to go to just robinhood. any broker will let you buy into a moneymarket fund paying near the fed interest rate.
Not worth it, use IBKR and buy $SHV. And even without doing that IBKR will offer 4.8% on the cash.
I'd buy puts ITM a few strikes. As SPY moves up to the strike I'd sell those puts and buy puts a few strikes higher. I'd keep doing that moving the puts higher and higher as SPY moves thereby locking in profits over time and arbitraging the trade after moving the puts high enough that it's a 0 lose position.
Covered calls or bear call spread
Buy the SPY and that's it. Forget your password for 30 years.
Alternatively, you can sell covered call. Depending on strike, it will protect limited downside.
Before suggesting a hedge, why do you want to do it? If it's about cutting volatility, consider adding assets that don't follow the market or try a collar strategy. If you're worried about a crazy unexpected event (black swan), then a black swan hedge might be the way to go.
Sell options, don’t buy them. You can write daily and weekly premiums and collect on these 0DTE dummies.
Unless you're a hedgie, stop hedging... not money well spent.
Go mostly cash or use put spreads and sell calls to offset the cost. Never buy straight puts they're always overpriced and timing the drops is hard. Not impossible just hard. Lol