This is not a forecast of AMEX:SPY getting to 500... this video will instead demonstrate how we can answer this question using Options Delta to assess the probability the market expects for an event to happen. I use a backtest of NASDAQ:TSLA Weekly Options to demonstrate.
quick question at the end of the week would the option be exercised or would it just be sold for profit?
norok
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@dmart120120, If you are trading options as a strategy you would not want to exercise and tie up buying power. For the purposes of the backtest it was assumed closing the option at the closing price of each week.
dmart120120
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yolo end of year 500C on spy. gonna buy 100 at market open