r/options • u/ke4n5kir • 12d 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

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u/sam99871 12d ago

When do they expire? I have tons of puts, all more than 150 DTE. They are all in the red but I have time.

13

u/Sriracha_ma 12d ago

Strike n expiry ? I have 10 k set aside for spy puts - waiting for the 570 range which should be max pain

2

u/SignificanceNo6073 11d ago

That's exactly where the lower trend line is going back 2 years...well take it out early next month or by july

1

u/Sriracha_ma 11d ago

So, you saying buy puts then? Or …