Buenos Aires Argentina
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256
|
Shorting SPY will give you a 1:1.
Shorting ES at today's prices will give you a little bit more than 1:1 with the notional value at today's prices being about $106k.
Since you mentioned 3 months, you'll have to pay for one roll over on the futures, and for the ETF you have asset management fees that will act as a drag to your carrying costs in addition to any interest expense from your broker.
Buying a put gets bit more complicated, but assuming you buy an at the money put which will have roughly a 50 delta, meaning you'll get half the move covered if the market drops minus the theta time decay.
Since it seems like your understanding of the instruments is relatively basic, perhaps shorting or buying at the money puts on the SPY will be your best bet. If you had a better understanding of options, you might do something more advanced like buy at the money options and sell out of the money calls.
|