How much % of your portfolio put in options.
I’m in my mid-twenties and have accumulated over 100k in spy-like ETFs. I also own a couple of real estate properties back home and have adopted a very frugal lifestyle, as I was raised in a scarcity environment. My question is, how much should I allocate to options?
I’m hesitant to ask this on Wall Street Bets because I don’t want to put that much.
I have been studying options and playing around with few hundred of bucks and I was considering allocating around 10% of this year’s income to options, but I would prefer to heard of advice before moving forwards. What are your thoughts on this?
Thank you very much in advance for your advice.
Edit: Thanks everyone for your insights—I really appreciate the advice! I think I am staying away from options. As I look to rebalance some of my SPY holdings, do you have any recommendations for books or alternative ETFs/stocks worth considering? Would love to hear your thoughts!