Commit 336dda

2025-10-31 17:54:32 Viraj Alankar: SPLG is no more.
finance/investing.md ..
@@ 34,7 34,7 @@
| Category | ETFs/funds | Futures |
| ----------------------- | -------------------------------------- | ---------------------------------------------------------------------------------------- |
| US Total Market | SCHB, VTI, SWTSX, VTSAX | |
- | US Large Cap | SCHX, SPLG, SPY, VOO, VV | /MES, /ES |
+ | US Large Cap | SCHX, SPYM, SPY, VOO, VV | /MES, /ES |
| US Small Cap | SCHA, VB, IWM | /M2K, /RTY |
| US Bonds | BND, SCHO, SCHR, SCHZ, SWAGX, TLH, TLT | /MTN, /10Y ([inversely correlated](#representing-bonds-with-futures)) |
| International Developed | SCHF, SWISX, EFA, VEA | /MFS ([MXEA](https://www.ice.com/products/31196848/MSCI-EAFE-Index-Future)) |
@@ 204,9 204,9 @@
###### Example
- Assume I have $100k invested in plain equities. I want to leverage up to 1.5 to invest in US large cap. I buy DITM LEAPS calls 1 year out in SPLG (a lower cost version of SPY), using the strike price for .90 delta:
+ Assume I have $100k invested in plain equities. I want to leverage up to 1.5 to invest in US large cap. I buy DITM LEAPS calls 1 year out in SPYM (a lower cost version of SPY), using the strike price for .90 delta:
- - 6 SPLG 2026-03-20 53 CALL
+ - 6 SPYM 2026-03-20 53 CALL
The exposure is:
@@ 232,10 232,10 @@
###### Example
- Assume I have $100k invested in plain equities. I want to leverage up to 1.3 to invest in US large cap. I setup an ATM synthetic long 1 year out in SPLG:
+ Assume I have $100k invested in plain equities. I want to leverage up to 1.3 to invest in US large cap. I setup an ATM synthetic long 1 year out in SPYM:
- - 4 SPLG 2026-03-20 71 Call
- - -4 SPLG 2026-03-20 71 Put
+ - 4 SPYM 2026-03-20 71 Call
+ - -4 SPYM 2026-03-20 71 Put
Since they are ATM the delta will be .50 for both. The exposure is:
0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9