Long term OTM SPY put as a hedge?
Please help, I am definitely an amateur at all this.
Watching the current meltdown, all the anecdotal information I am getting is that things are going to get much worse before they get better. I don't want to sell everything and take the capital gains tax hit now though, so I am looking for a way to hedge against a 30%+ drop. A broad market OTM put would be great, but is this the best way to go? I would like at least a year, but is a put the best way to go?
Any help would be greatly appreciated!
Posted Apr 15, 2025, 7:26 PM UTC
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