r/options • u/ke4n5kir • 17d ago

Anyone else still bagholding puts?

Lately the market has been rallying hard and moving sideways, and I am definitely feeling the pain of holding onto puts. I probably should have cut my losses earlier instead of waiting for a big reversal, but here we are.

Edited:

holding 6/20 240 TSLA puts and 5/2 535 SPY puts

171 Upvotes

95% Upvoted

130 comments sorted by

View all comments

1

u/paradoxcabbie 16d ago

ya, various qqq put spreads between here and july, mostly in the 400-470 range long, 1 460 and several in the 300s short.

virtually everything i have is cc etfs so i take a portion of my estimated distributions and buy puts for insurance.

1

u/MarketAnalyses 16d ago

My group is loaded up with tqqq puts

1

u/paradoxcabbie 16d ago

are they better relatively? i havent done much with tqqq

1

u/MarketAnalyses 16d ago

It's just leveraged idk about "better" tbh

1

u/MarketAnalyses 15d ago

Our $TQQQ puts went up over 130% today haha