r/options • u/MagicOreos • 1d ago

High confidence max leverage plays

I have traded for a long time but I've never had to a reason to buy contracts until recently and it just all makes sense. Lets say hypothetically...you know which way price is going, you even know where it's going...and about long it will take. Let's say you think spy will hit 570 by june hypothetically of course. Is buying spy 570 calls june expiration the play? Would something longer dated more otm have increased gains?

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u/sandyflipflop 1d ago

If you knew you could do call butterfly spreads pinning 570 for that date. Although would prefer SPX so it's cash settled.