During the early pop it was burning cash completely unprofitable, had very little buy in from other financial institutions and EPS was in the minus

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Brb about to go put max cash on spy calls. Might be rich or will be dancing for money

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Limit on the upside has a gray area. Sometimes you can roll. When UNH went from like 380 to 310 recently, it allowed me to roll some 300c 12/19 calls out another 6 months. I got to both sell at a higher strike price of 340c and also the roll was cash positive (I think even a 360c was cash positive if just barely). I just had to trade time for money. That said, the roll opportunity was lucky. I only had to trade 6 months of time. Roll opportunities like that are definitely not a guarantee, so your argument stands. But the ability to roll means the limit on the upside can have some gray area.

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You either have cash to back the purchase of shares when assigned at the put you sold, or shares to sell to back the calls you sold. There are definitely other strategies but these are the simplest ones. Risk is if sudden price swings you don't get the profit and may have possible assignment (so only set contract values you are happy with) Or you are stuck with shares when they take a downturn. I can go on if you want.

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Yeah they are exclusively ok as true crisis insurance. Crisis so bad even gold gets sold off to buy bonds. However when interest rates get jacked again they're cooked. When rates get cut over a longer period like the 2010s the stock market will boom so much bonds are a joke. The play would be hold stocks, sniff out a covid crisis somehow using your crystal ball, switch to bonds, when they hit their peak sell them for variable rate or inflation adjusted bonds right before cpi comes in at 10% and rates are about to get jacked out of inflation fears, when they hit their peak switch to stocks again. Obviously impossible to time. Just hold gold instead of bonds, works well enough as crisis insurance even though in a full sell off crisis it's not safe either. Bonds just make no sense. Even chatgpt is telling me to avoid long dated bonds. Itis recommending ultra short and short duration bonds and maybe tips as a 'cash-like' holding with hopefully better yield than just keeping cash in a savings account, however i can't get myself to ever buy bonds again.

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Fidelity and it's not even a question. You earn dividends on SPAXX just for having cash in your account

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If all puts would get assigned due to liberation day style drop across the board, would you get margin called or do you keep cash to cover 100% of all puta sold?

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That guy, what a clown. I just don't see it, sorry. I guess he is stacking cash.

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Cash be flowing out bro.

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Yoy cash flows

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