The volatility in DOW hasn't infect STI yet!
STI got vaccine to protect?
Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020.
Futures on the Dow Jones Industrial Average were near flat. S&P 500 futures traded near the flatline and Nasdaq 100 futures ticked up less than 0.1%.
The moves came after stocks sold off sharply in Thursday’s regular session. The Dow lost more than 1,000 points and the tech-heavy Nasdaq Composite fell nearly 5%. Both indexes notched their worst single-day drops since 2020. The S&P 500 fell 3.56%, its second-worst day of the year.
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I've restarted this week selling naked put options on S&P500 etf for kopi money lol.
ReplyDeleteSpur,
DeleteLet me translate for those equities only koala bears or pandas who are not into options ;)
You are bullish.
You are betting the S&P500 will melt up from here.
By selling put options, you are playing the role of travel insurance companies. You are betting they'll return safely from their travels without any incident. You "makan" the insurance premiums as kopi money ;)
Those who bought the put options from you is like buying travel insurance when they travel.
Most of the time its flushing money down the toilet. But if something bad happens... Heng ah!
Smol,
DeleteJust counting on no -10% in the next 30 days or so.
If another Mar 2020 or Sep 2008 or Sep 2001 happens this month, then I may have to suck on the S&P etf lol!
Kopi money is bigger for options on individual stocks rather than a broad etf, but I prefer not to chance having to take delivery of individual stocks even if they are blue chips.
Selling naked puts is if one doesn't mind being put the underlying asset. ;)
Spur,
DeleteBulls and bears would welcome a meltup on the S&P500 from here.
Bears prefer a better entry point to re-establish their shorts again.