SPDR S&P 500 (SPY)

[NewYorker567]

Right on script. Since the Great Recession I came to know playing puts as PROTECTION for all else you own. Using long puts (year like?) is like paying insurance against any sort of crisis.

You are right no one sells it like that. Probably now they will if they read us. If you lose the money oh well, like in every insurance case, but in a crisis $500 in puts for the whole year could bring $100,000 or more. Depending of the crisis.

They always only talk about gold, but gold is much more controlled.

I remember TVIX going to $5,000 a share in 08-09 I believe. 200 shares is 1 M.

Something like that you're right. I may do it for my kids now that we are talking. 10 puts long for a year. I lose more in restaurants. Lol. Them rinse and repeat.

Good thoughts buddy