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REDDIT

Did a trade without reaserching, how to soften the landing

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Apr 9, 2025 · 21:11

Hi everyone! Todays market got sleepy me feeling like a genuis, but i had never invested with or used options. I bought 2 SPY puts without realizing a strike price of 545 and 550 for 11.91 and 14.50. I want to exit but did not know options close at 4. Can i invest in leveraged SPY bullish etfs to soften the landing? and if so how much? i have learned from this and never plan to touch options ever again