SPY Options Pricing
SPY 3/15/24 close: $509.83
Swing Put: 4/19 1% OTM, $505 strike, $4.99 cost (-1.9% BE), returns 5x at $480. $509 strike costs $6.35 (-1.4% BE), returns 3.94x at $480.
Tactical Put: 5/17 2% OTM $500 strike, $5.90 cost (-3.1% BE), returns 3.39x at $480. $509 strike costs $8.63 (-1.9% BE), returns 3.36x at $480
Cyclical Trade: 7/19 4% OTM put, $490 strike, $7.62 cost (-5.4% BE), returns 3.28x at $465. $509 strike costs $12.70 (-2.7% BE), returns 3.46x at $465.
WOTE Special Ops Positioning Guide
Swing Trade. 4WTE 1% OTM, up to 25% of capital
Tactical Trade. 8WTE 2% OTM, up to 50% of capital
Cyclical Trade. 16WTE 4% OTM, up to 100% of capital
Home Run Trade: 16WTE 10-20% OTM, up to 10% of capital
Structural Trade: 8MTE 8% OTM, up to 100% of capital
Grand Slam Trade: 8MTE 20-40% OTM, up to 20% of capital