No. of Recommendations: 1
Does SPY seem like a possible contender for the Deep Call treatment?

"Ya pays your money and ya takes your choice."

If you are planing to have, say, $50,000 invested in the S&P 500, it doesn't seem completely unreasonable to have maybe half of it plain long and half of it on effectively a 2-year margin loan at ~1% interest with ~3X leverage.

Betting that the S&P will be higher in two years is like rolling dice. Making that bet with considerable leverage is what I'd call casino investing. When you have 3X leverage, a 20% drop wipes you out. Ask yourself if that's a tolerable risk.

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