u/2FLYFISH0 ·
Reddit — r/options
· May 11, 2026 at 01:22
· ⬆ 2 pts
· 💬 9 comments
| View on Reddit ↗
AI Summary
Summary
The thread focuses on a LEAP option position (ticker SPY), with both top comments advising to sell and reset rather than hold.
Dominant sentiment is caution: the recent rally is viewed as overextended, and traders recommend taking profits to re-enter on a dip.
No earnings discussion; the trade is purely technical/sentiment-driven.
Score2
Comments9
▶ Full Post Text
[+8] u/chompah99: Spys been cooking. I would sell, re-position on a dip. Unless you think this runs another 10% before we see a drawdown. Bears might be going extinct, though.
[+5] u/option-trader: Sell. I say this because you’ve got too much emotion in play already. When you enter a trade, keep emotions out. Let it hit the target or stop loss. For this trade, sell and reset.
Both highly upvoted comments explicitly recommend selling the SPY LEAP position now. The community sees an overheated run (“SPY’s been cooking”) and warns that emotional attachment (“too much emotion in play”) clouds judgment—creating a tactical exit opportunity to avoid a drawdown. Close the long LEAP, wait for a dip to re-establish a position, rather than riding the current rally. Bears “might be going extinct”—the market could continue to run another 10% higher before any pullback, causing a missed opportunity.
This Reddit post, published May 11, 2026,
features r/options community
discussing SPY.
1 trade idea extracted by AI with direction and confidence scoring.