Option Millionaires

[ChrisBen]

$SPY....with a target of $204 this week, a 2% drawback, and a little guesstimation of premiums and timing....

Betting $400 on SPY weekly puts could potentially return:

204wp @ .12ea, 33 puts, target .50, proceeds $1650
204.50wp @ .18ea, 22 puts, target 1, proceeds $2200
205wp @ .22ea, 18 puts, target 1.5, proceeds $2700
205.5wp @ .27ea, 15 puts, target 2, proceeds $3000
206wp @ .33ea, 12 puts, target 2.50, proceeds $3000

Will be fun to watch. Will be staring at those 206/205.5wp monday morning