[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 28 KB, 396x580, B08B66B4-75CD-47EC-9353-7F43962672E0.jpg [View same] [iqdb] [saucenao] [google]
52244364 No.52244364 [Reply] [Original]

I have £30,000 excess cash sitting around that I’m not interested in losing. Should I do a bear call spread on SPY? It seems like an obvious move if my cash is otherwise doing nothing

>> No.52245514

>>52244364
Are you in the 40% income tax bracket? If so drop it all in your pension and get 12k back in your tax return.

>> No.52245549

>>52245514
I don't trust anybody to hold on to my money for 30-40+ years

>> No.52246250

>>52245549
Your future self will thank you. The themes now are oil and the China reopening. Do what you will

>> No.52246407

>>52244364
sell puts

>> No.52247309

>>52244364
SPY may have bottomed till after christmas

>> No.52247345

>>52246250
china reopening is a rumor, sure buy rumor, but dont forget to sell the news

>> No.52247382

>>52244364
If you have to advice for derivatives on a chinese cartoon website you're too stupid to trade options.
Everything comes with a risk of loss.
If you want to donate 30k to market makers by picking up pennies in front of a steamroller go for it though.

>> No.52248533

>£

just keep it in USDC if you have no edge in the markets