There are SPX options that expire in 2027, 2028, and 2029, those seem more attractive to me than 2-3-y-dated VTI options, especially given that they have strike prices that are much further out of the money.
Would you mind posting the specific contracts you bought?
QQQ 640 (3y), SPY 750 (3y), VTI 340 (2y), SMH 290 (2y). Those were the latest expiration dates I could get.
Those SPX options look nice too, though I wish I could pay for a derivative that only paid out if the market jumped 100% in a single year, rather than say 15% per year throughout the rest of the 2020s.
There are SPX options that expire in 2027, 2028, and 2029, those seem more attractive to me than 2-3-y-dated VTI options, especially given that they have strike prices that are much further out of the money.
Would you mind posting the specific contracts you bought?
QQQ 640 (3y), SPY 750 (3y), VTI 340 (2y), SMH 290 (2y). Those were the latest expiration dates I could get.
Those SPX options look nice too, though I wish I could pay for a derivative that only paid out if the market jumped 100% in a single year, rather than say 15% per year throughout the rest of the 2020s.
Would you mind sharing how you allocated the ratio of these positions?
Does buying shorter-term OTM derivatives each year not work here?