Buying Put Options to Protect Your Portfolio from Coronavirus Risk

“Recession-proof” you portfolio with these put options…

Suicasmo / CC BY-SA

Last week, the S&P 500 tumbled 2.5% as investors once again became fearful of the spike in coronavirus cases around the country.

Florida said its confirmed cases increased by a record 5,508 people on Tuesday. They now total over 114,000. And the state’s positivity rate increased from 10.8% to 15.9%.

Arizona saw its number of cases jump 5.4%, topping a seven-day average of 2.9%.

On Friday, Texas Governor Greg Abbott said the state will roll back some of its reopening measures as coronavirus cases and hospitalizations continue to rise.

Meanwhile, New York, New Jersey and Connecticut governors ordered visitors from certain hotspot states to quarantine for 14 days.

Concern about the economy’s ability to reopen are legitimate. And the weekly jobless claims number on Thursday didn’t help…

Another 1.48 million Americans filed for unemployment, worse than the 1.35 million expected by Wall Street analysts.

That brings the total to approximately 47 million people since the COVID-19 crisis hit the US economy.

And the additional $600 of weekly unemployment assistance is set go expire at the end of July…

There is good news, however. You don’t have to sit back and watch your stock portfolio take another beating this time around…

With just a couple hundred bucks, you can protect a portfolio worth tens of thousands of dollars using put options.

Here’s one put options trade you can implement today for potential 913% returns by July 29…

Profit from Another Market Downturn with This Simple Options Trade

Back on February 20, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) made an all-time high of $339 per share.

Just one month later, on March 23, it dropped like a rock to $218 – a decline of 35.5%.

That’s how quickly bear markets can take over.

And the crazy part is… Since March 23, the number of confirmed coronavirus cases has risen 2,466% – from 378,000 to 9.7 million people worldwide.

That’s why states are having a tougher time opening their economies than they originally thought.

So, here’s what you can do today to protect your portfolio from another coronavirus downturn…

Right now, can buy the SPY Oct 16, 2020 $200 puts for $1.75 per options contract.

That gives you the right, but not the obligation, to sell SPY for $200 on or before Oct 16. – no matter how low the ETF trades before then. And since you’re buying this put, can’t lose any more than you invest.

I chose the $200 puts because that would represent an additional 33% decline from the $300 price SPY is currently trading at. Add that to the 2.5% we lost last week, and you have another 35.5% decline like we had back from Feb-Mar.

So, if SPY drops to $200 per share by July 29 (one month from today), you stand to make 913% with this options trade.

Now, you can see how a small 1-2% portfolio allocation to this trade could significantly help you weather the next market downturn.

RELATED: You Could Make Your Portfolio “Recession-Proof” with This System

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