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>> No.53468381 [View]
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53468381

Alright, ignoring the low volume and huge bid/ask spread, I don't see a downside this spread
>low cost of entry
>strikes are set so that you literally cannot lose money from the price going to like $50 SPY
>flat risk on the upside
>long dated and deep ITM
>benefit from vega (which increases when stocks shit)
This is like a 50:1 insurance payout. Why wouldn't I hedge my longs with like 5:5 on this?

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