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SPDR S&P 500 ETF Message Board

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  • thisstockisstock thisstockisstock Oct 15, 2010 11:31 PM Flag

    Went all cash at close....sold PAR calls, sold

    looking to sell some OTM calls on SPY to generate income. Figure this is riskless move as I am inherently long via IRAs, mutuals funds, etc. that I do not day trade in. Question is how many SPYs to use as a hedge. What denomination does each SPY cover. In other words how do I decide how many SPYs to sell if I want to hedge 100% of my portfolio

201.33+0.12(+0.06%)Oct 9 4:25 PMEDT