SPDR S&P 500 (SPY)

[Robbinhood101]

I’m down $500 from my break even which is 25% of my account. Sold a put and bought 2 risky calls. I’m in a stranglehold and having to give up for a 2nd time on my puts in order to buy calls. 90% of portfolio is puts so the small amount I make on calls doesn’t pull it through. On the first round when spy was above 290 I got some calls and eventually sold those for the puts which got added to my previous puts from the 270 range. Only when SPY is 281 or below does my account break even. Now that could be 280 as I bought some calls. I keep on having to offset risks. The big fall yesterday didn’t happen as expected so I got screwed.