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PaperclipPerfector  5d ago (text post)   2390 thread views

Friday Fun Thread for May 1, 2026

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So why not use the money you set aside for the risk on even more call options instead? Does selling puts really make your bet more +EV?

Because the money is already in things like shares of VTI, SLV, and SGOV. Right now less than 3% of my total account value is in cash, despite my enormous notional exposure. I’m trying to fix that without having to sell any shares but it’s slow-going. For example I got assigned 100 shares of TSCO recently and that set me back on the goal.

Also, buying options is generally negative EV (you’re literally paying what’s called a premium) unless you are exceptional at picking direction and can predict strong moves. Brokers like Robinhood try to be clear about that when they tell you what your break-even share price will be when buying a call. I don’t consider myself good enough to speculate, so I’d rather rely on my appetite for risk and willingness to warehouse that risk for whomever is buying this stuff.

Hmm. :I

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