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.
| 5/26 | 5/27 | 5/29 | 6/1 | 6/3 | 6/5 | 6/8 | 6/10 | |
|---|---|---|---|---|---|---|---|---|
| 150 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 220p |
| 4250.0x | 3750.0x | 631.2x | 1750.0x | 1166.7x | 700.0x | 583.3x | 411.8x | |
| 160 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 220p |
| 3750.0x | 3250.0x | 568.8x | 1500.0x | 1000.0x | 600.0x | 500.0x | 352.9x | |
| 170 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 220p |
| 3250.0x | 2750.0x | 506.2x | 1250.0x | 833.3x | 500.0x | 416.7x | 294.1x | |
| 180 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 220p |
| 2750.0x | 2250.0x | 443.8x | 1000.0x | 666.7x | 400.0x | 333.3x | 235.3x | |
| 190 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 220p |
| 2250.0x | 1750.0x | 381.2x | 750.0x | 500.0x | 300.0x | 250.0x | 176.5x | |
| 200 | 235p | 225p | 251p | 220p | 220p | 220p | 220p | 225p |
| 1750.0x | 1250.0x | 318.8x | 500.0x | 333.3x | 200.0x | 166.7x | 119.0x | |
| 210 | 235p | 235p | 251p | 230p | 225p | 230p | 230p | 235p |
| 1250.0x | 833.3x | 256.2x | 333.3x | 187.5x | 125.0x | 105.3x | 78.1x | |
| 220 | 235p | 235p | 251p | 235p | 240p | 240p | 240p | 240p |
| 750.0x | 500.0x | 193.8x | 187.5x | 111.1x | 76.9x | 64.5x | 50.0x | |
| 230 | 252p | 245p | 251p | 245p | 245p | 250p | 250p | 250p |
| 440.0x | 300.0x | 131.2x | 100.0x | 65.2x | 46.5x | 40.0x | 31.2x | |
| 240 | 255p | 254p | 254p | 254p | 256p | 259p | 257p | 260p |
| 250.0x | 155.6x | 73.7x | 53.8x | 37.2x | 27.1x | 23.6x | 18.9x | |
| 250 | 262p | 262p | 263p | 264p | 267p | 267p | 269p | 268p |
| 120.0x | 75.0x | 36.1x | 28.0x | 19.8x | 15.2x | 13.5x | 11.2x | |
| 260 | 271p | 272p | 273p | 274p | 276p | 277p | 277p | 279p |
| 47.8x | 30.8x | 16.9x | 13.6x | 10.5x | 8.5x | 7.7x | 6.7x | |
| 270 | 278p | 280p | 283p | 284p | 286p | 288p | 288p | 289p |
| 16.3x | 11.8x | 7.8x | 6.7x | 5.5x | 4.7x | 4.4x | 4.0x | |
| 280 | 289p | 290p | 292p | 293p | 295p | 296p | 297p | 298p |
| 5.3x | 4.5x | 3.6x | 3.2x | 2.9x | 2.6x | 2.5x | 2.3x | |
| 290 | 299p | 300p | 302p | 303p | 305p | 307p | 307p | 308p |
| 1.8x | 1.7x | 1.5x | 1.5x | 1.4x | 1.4x | 1.4x | 1.3x | |
| 300 | 289c | 286c | 283c | 279c | 274c | 270c | 269c | 266c |
| 1.2x | 1.2x | 1.1x | 1.1x | 1.1x | 1.1x | 1.1x | 1.1x | |
| 310 | 306c | 306c | 305c | 304c | 303c | 302c | 302c | 300c |
| 8.3x | 6.3x | 4.2x | 3.6x | 2.9x | 2.5x | 2.3x | 2.0x | |
| 320 | 314c | 314c | 314c | 314c | 314c | 314c | 314c | 313c |
| 75.0x | 50.0x | 28.6x | 22.2x | 16.2x | 11.8x | 10.2x | 8.0x | |
| 330 | 323c | 321c | 321c | 322c | 321c | 321c | 321c | 321c |
| 350.0x | 225.0x | 128.6x | 100.0x | 69.2x | 47.4x | 40.9x | 31.0x | |
| 340 | 330c | 325c | 330c | 330c | 330c | 330c | 330c | 330c |
| 1000.0x | 500.0x | 333.3x | 333.3x | 200.0x | 142.9x | 125.0x | 100.0x | |
| 350 | 330c | 335c | 335c | 335c | 335c | 335c | 335c | 335c |
| 2000.0x | 1500.0x | 750.0x | 750.0x | 500.0x | 375.0x | 300.0x | 214.3x |
split for your narrow screen
| 6/12 | 6/15 | 6/17 | 6/19 | 6/22 | 6/26 | 6/30 | |
|---|---|---|---|---|---|---|---|
| 150 | 220p | 215p | 220p | 247p | 180p | 235p | 247p |
| 333.3x | 325.0x | 233.3x | 89.8x | 300.0x | 91.4x | 57.7x | |
| 160 | 220p | 215p | 220p | 247p | 190p | 235p | 247p |
| 285.7x | 275.0x | 200.0x | 80.6x | 214.3x | 80.6x | 51.8x | |
| 170 | 220p | 215p | 220p | 247p | 200p | 235p | 247p |
| 238.1x | 225.0x | 166.7x | 71.3x | 150.0x | 69.9x | 45.8x | |
| 180 | 220p | 215p | 220p | 247p | 210p | 235p | 247p |
| 190.5x | 175.0x | 133.3x | 62.0x | 107.1x | 59.1x | 39.9x | |
| 190 | 220p | 215p | 220p | 247p | 220p | 235p | 247p |
| 142.9x | 125.0x | 100.0x | 52.8x | 75.0x | 48.4x | 33.9x | |
| 200 | 225p | 225p | 225p | 247p | 230p | 235p | 247p |
| 96.2x | 86.2x | 69.4x | 43.5x | 51.7x | 37.6x | 28.0x | |
| 210 | 235p | 235p | 235p | 247p | 235p | 235p | 247p |
| 64.1x | 56.8x | 47.2x | 34.3x | 35.2x | 26.9x | 22.0x | |
| 220 | 245p | 245p | 245p | 247p | 245p | 245p | 248p |
| 41.0x | 36.8x | 30.9x | 25.0x | 23.1x | 18.1x | 16.1x | |
| 230 | 250p | 250p | 255p | 254p | 255p | 256p | 257p |
| 26.0x | 23.3x | 19.7x | 16.4x | 15.2x | 12.3x | 11.1x | |
| 240 | 261p | 260p | 260p | 263p | 265p | 268p | 268p |
| 15.9x | 14.5x | 12.6x | 10.6x | 10.0x | 8.3x | 7.7x | |
| 250 | 271p | 272p | 273p | 274p | 275p | 276p | 278p |
| 9.7x | 9.0x | 8.0x | 6.9x | 6.6x | 5.7x | 5.3x | |
| 260 | 281p | 281p | 283p | 283p | 285p | 286p | 287p |
| 6.0x | 5.6x | 5.2x | 4.5x | 4.4x | 3.9x | 3.7x | |
| 270 | 291p | 291p | 292p | 293p | 295p | 295p | 296p |
| 3.7x | 3.5x | 3.3x | 3.0x | 2.9x | 2.6x | 2.5x | |
| 280 | 299p | 300p | 301p | 301p | 300p | 304p | 304p |
| 2.2x | 2.2x | 2.1x | 1.9x | 1.8x | 1.7x | 1.7x | |
| 290 | 310p | 311p | 312p | 314p | 315p | 316p | 317p |
| 1.3x | 1.3x | 1.3x | 1.2x | 1.2x | 1.2x | 1.1x | |
| 300 | 264c | 256c | 250c | 252c | 250c | 245c | 252c |
| 1.1x | 1.1x | 1.1x | 1.1x | 1.0x | 1.0x | 1.0x | |
| 310 | 299c | 299c | 298c | 297c | 295c | 295c | 293c |
| 1.9x | 1.8x | 1.7x | 1.7x | 1.6x | 1.5x | 1.5x | |
| 320 | 313c | 313c | 312c | 312c | 310c | 311c | 310c |
| 6.5x | 5.9x | 5.1x | 4.7x | 4.4x | 3.8x | 3.5x | |
| 330 | 321c | 320c | 320c | 321c | 320c | 320c | 321c |
| 24.3x | 21.3x | 17.2x | 15.5x | 14.5x | 11.9x | 10.5x | |
| 340 | 330c | 330c | 330c | 330c | 330c | 330c | 329c |
| 71.4x | 58.8x | 50.0x | 43.5x | 40.0x | 31.2x | 28.2x | |
| 350 | 335c | 340c | 335c | 337c | 335c | 335c | 335c |
| 166.7x | 142.9x | 115.4x | 100.0x | 88.2x | 71.4x | 65.2x |
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.