Q: Gentlemen,
If I want to buy puts to protect $1.5 million in S&P500 Index fund against a 10% decline in the market in the next 6 months how many SPY options do I need and how much do I have to fork out. Does it matter where your broker is? That is do the options listed on TD have the same price as those listed on Scotia.
Let’s say the expiration date is September 15, 2017.
I appreciate it if you detail the math and where you are getting your price from.
Thank you for taking the time to teach me and my fellow 5I members regularly.
If I want to buy puts to protect $1.5 million in S&P500 Index fund against a 10% decline in the market in the next 6 months how many SPY options do I need and how much do I have to fork out. Does it matter where your broker is? That is do the options listed on TD have the same price as those listed on Scotia.
Let’s say the expiration date is September 15, 2017.
I appreciate it if you detail the math and where you are getting your price from.
Thank you for taking the time to teach me and my fellow 5I members regularly.