You all are fucking retarded. The SPY IS NOT THE FUCKING MARKET!!! The SPY is also NOT THE FUCKING ECONOMY!!!

This obsession with SPY Puts and ‘Short the SPY’ is beyond fucking stupid to the point that actual traders are laughing at you all.

Think about it: in the US there are about 12M ‘operating companies’ (eg ‘companies’ as you think of them). Only about 6,000 companies are public and the biggest 500 (or so) compromise the SPY.

Are you seeing where this is going yet? You all are shorting the 500 companies that are best positioned to, not only survive this, but THRIVE in the post-corona economy. They have the best capital access, the best size, the best market position....I can keep going. The companies that comprise the SPY are going to survive, particularly the top ~100 or so that comprise 80% of the SPY action.

What the fuck are you retards thinking shorting those companies?? Why the fuck are you SHOCKED you are losing money? WSB: “See that ETF that is comprised of the companies best positioned to go up?I’m betting my life savings on Puts.” If one of my analysts came to me with that thesis, I’d assume they had brain damage and fire them.

There are obvious shorts out there. I’m not giving specific names but first off, get the fuck away from large caps and start thinking about S/Mid caps that service those 12M operating companies that are fucking hating it right now.

You people getting lit on SPY puts are getting exactly what you should have expected.