[lujim]

qqq would probably be ok. I like the open interest and spreads on spy options. I'm not looking to make a killing on options (or I should say I would love to but don't think I could), just looking to hedge out some systemic risk on a buy and hold portfolio.

[base698]

I've made some huge mistakes, but I'm up 20% overall YTD. Just randomly picking tech stocks with out of the money puts has been profitable enough to stay up 20% even if the majority of them wash out. Biggest hit was 8x.