Replies to post #172759 on SPDR S&P 500 (SPY)

[thunderbird2004]

I got some 106 ones, because I think expectations are already high for SW, but people want to own Disney while SW is happening, although they may be disappointed if it doesn't gross 3 billion.

[imiloa]

all options are risky. i feel free good about these.

DIS was trading over 114 earlier this week.
and these options were really cheap today.

if DIS gets back to 110 by tues,
i expect they'll be profitable on any momo burst.

and if today's selling was opex insanity
rather than actually panic dumping
then we should see a market bounce by EOD monday.

and, fwiw, all the DIS and SPY calls i bought today
are covered by net profits on today, alone.
made a ton on puts bought at the open.

time will tell whether we bounce.
i'll sleep well this weekend in the meantime.