### Comment:
If you buy it back for 0.65 you would’ve made like $50 a contract right? On a 23,500 cash position in a week. But if you had SPY for a week you would have made 1.5% which is $352. So you underperformed the market, have to pay short term capital gains tax, and took on more risk since you didn’t diversify your money. Not trying to fault you, but I’m just saying how is this different than actively managed portfolios that lose to the market?

### REPLY:
As u/Nate_Dev said, the reward is less because the risk is less. If you can tolerate the increased risk than owning shares makes sense and you will be appropriately rewarded. Personally, I feel this market is priced way to high for all the warnings of slower or negative growth on the horizon. I do not want to open up fresh positions on shares outside of the strike prices of the puts I sell.

### END.