FJ43 said:You should be able to buy the SPXS symbol. Now is as good a time as any to buy them as they are cheap. About $4.38. I own shares of it in my tax deferred account and options in my cap gains account.trip98 said:Bob Knights Liver said:Barty said:
Anyone still adding to Jan SPXS Calls while they are low or are we back to everything is great and to hell with hedging? LOL
I've got enough to fully hedge if we have a crash between now and Jan. I'm not buying anymore right now. As others have said this small loss in order to keep keep comfortable investing in other upside is more than worth it but I'm not using it as a trade.
For those of us not trading options isn't there an ETF or stock we can buy that has same effect? Pretty sure I recall seeing something like that on here within last few weeks but searching spxs pulls up waaaaay too many results to sort thru.
Typically a long buyer but like this idea. My account is cap gains but if these gain market is down and would have losses to offset. Or if market is up have this to offset gains
It may show up for you as the following:
Direxion Daily S&P 500 Bear 3X Shares (SPXS)
Appreciate this info. I don't do options but have been looking for a good way to hedge. Bought some at 4.48