DislikedMY last hope for May SPY $212 short calls is "sell in May, go away". I will hold into next week anyway....Ignored
Looking at various /ES futures options spreads, and I just remembered another reason why should I use them ---> no PDT rules there.
If I enter a SPY spread trade on Friday for example, looking for a gamma scalp with expiring weeklies, closing that trade will be counted like 2 trades, since you always have 2 different options in the spread... and than you used 2 out of 3 day trades.
When /ES trades at 2112, bear put spread 2095/2090 with weeklies is just around $20... (another way of just trowing your money trough the window, OR a cheap lotto ticket for max $250 - initial debit and comms...)
Hope is dangerous in this game.