SPY gambling lookup table

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by validscramble

Good afternoon fellow reeetail investors!

I’ve been noticing some comments mentioning really stupid SPY option buys, so I thought I’d share a table I threw together. Assuming you’re planning on holding your options to expiration, like I know you diamond-handed dummies are, just look up the value you think SPY will get to, the date you think it will get there by, and find the best option for your money and how much money you’ll make if you’re right. If you’re thinking, “I think SPY will drop to 250, why wouldn’t I just buy the 250p?”, this is the table for you!

All values assume you’re just taking out the offer like the completely uninformed buyer you are. Tip: always bid less than the offer.

Example: if you think SPY will drop to 250 by June 15th for that second leg down, you’ll find in the second table that you should buy the 272 put for a 9 bagger.

5/265/275/296/16/36/56/86/10
150235p225p251p220p220p220p220p220p
4250.0x3750.0x631.2x1750.0x1166.7x700.0x583.3x411.8x
160235p225p251p220p220p220p220p220p
3750.0x3250.0x568.8x1500.0x1000.0x600.0x500.0x352.9x
170235p225p251p220p220p220p220p220p
3250.0x2750.0x506.2x1250.0x833.3x500.0x416.7x294.1x
180235p225p251p220p220p220p220p220p
2750.0x2250.0x443.8x1000.0x666.7x400.0x333.3x235.3x
190235p225p251p220p220p220p220p220p
2250.0x1750.0x381.2x750.0x500.0x300.0x250.0x176.5x
200235p225p251p220p220p220p220p225p
1750.0x1250.0x318.8x500.0x333.3x200.0x166.7x119.0x
210235p235p251p230p225p230p230p235p
1250.0x833.3x256.2x333.3x187.5x125.0x105.3x78.1x
220235p235p251p235p240p240p240p240p
750.0x500.0x193.8x187.5x111.1x76.9x64.5x50.0x
230252p245p251p245p245p250p250p250p
440.0x300.0x131.2x100.0x65.2x46.5x40.0x31.2x
240255p254p254p254p256p259p257p260p
250.0x155.6x73.7x53.8x37.2x27.1x23.6x18.9x
250262p262p263p264p267p267p269p268p
120.0x75.0x36.1x28.0x19.8x15.2x13.5x11.2x
260271p272p273p274p276p277p277p279p
47.8x30.8x16.9x13.6x10.5x8.5x7.7x6.7x
270278p280p283p284p286p288p288p289p
16.3x11.8x7.8x6.7x5.5x4.7x4.4x4.0x
280289p290p292p293p295p296p297p298p
5.3x4.5x3.6x3.2x2.9x2.6x2.5x2.3x
290299p300p302p303p305p307p307p308p
1.8x1.7x1.5x1.5x1.4x1.4x1.4x1.3x
300289c286c283c279c274c270c269c266c
1.2x1.2x1.1x1.1x1.1x1.1x1.1x1.1x
310306c306c305c304c303c302c302c300c
8.3x6.3x4.2x3.6x2.9x2.5x2.3x2.0x
320314c314c314c314c314c314c314c313c
75.0x50.0x28.6x22.2x16.2x11.8x10.2x8.0x
330323c321c321c322c321c321c321c321c
350.0x225.0x128.6x100.0x69.2x47.4x40.9x31.0x
340330c325c330c330c330c330c330c330c
1000.0x500.0x333.3x333.3x200.0x142.9x125.0x100.0x
350330c335c335c335c335c335c335c335c
2000.0x1500.0x750.0x750.0x500.0x375.0x300.0x214.3x

split for your narrow screen

6/126/156/176/196/226/266/30
150220p215p220p247p180p235p247p
333.3x325.0x233.3x89.8x300.0x91.4x57.7x
160220p215p220p247p190p235p247p
285.7x275.0x200.0x80.6x214.3x80.6x51.8x
170220p215p220p247p200p235p247p
238.1x225.0x166.7x71.3x150.0x69.9x45.8x
180220p215p220p247p210p235p247p
190.5x175.0x133.3x62.0x107.1x59.1x39.9x
190220p215p220p247p220p235p247p
142.9x125.0x100.0x52.8x75.0x48.4x33.9x
200225p225p225p247p230p235p247p
96.2x86.2x69.4x43.5x51.7x37.6x28.0x
210235p235p235p247p235p235p247p
64.1x56.8x47.2x34.3x35.2x26.9x22.0x
220245p245p245p247p245p245p248p
41.0x36.8x30.9x25.0x23.1x18.1x16.1x
230250p250p255p254p255p256p257p
26.0x23.3x19.7x16.4x15.2x12.3x11.1x
240261p260p260p263p265p268p268p
15.9x14.5x12.6x10.6x10.0x8.3x7.7x
250271p272p273p274p275p276p278p
9.7x9.0x8.0x6.9x6.6x5.7x5.3x
260281p281p283p283p285p286p287p
6.0x5.6x5.2x4.5x4.4x3.9x3.7x
270291p291p292p293p295p295p296p
3.7x3.5x3.3x3.0x2.9x2.6x2.5x
280299p300p301p301p300p304p304p
2.2x2.2x2.1x1.9x1.8x1.7x1.7x
290310p311p312p314p315p316p317p
1.3x1.3x1.3x1.2x1.2x1.2x1.1x
300264c256c250c252c250c245c252c
1.1x1.1x1.1x1.1x1.0x1.0x1.0x
310299c299c298c297c295c295c293c
1.9x1.8x1.7x1.7x1.6x1.5x1.5x
320313c313c312c312c310c311c310c
6.5x5.9x5.1x4.7x4.4x3.8x3.5x
330321c320c320c321c320c320c321c
24.3x21.3x17.2x15.5x14.5x11.9x10.5x
340330c330c330c330c330c330c329c
71.4x58.8x50.0x43.5x40.0x31.2x28.2x
350335c340c335c337c335c335c335c
166.7x142.9x115.4x100.0x88.2x71.4x65.2x

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.

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