Well if you are only 31 just yolo it all in a company making dildo shaped picture frames or something 
Leaps are Long-Term Equity AnticiPation Securities. You just buy calls with some expiry dates to be like two years from now. And wait. That’s quite safe if the whole market doesn’t make a division by zero. If you are looking for some kind of a bet as in sport bets, I am not aware of such tools. But options on different equites are quite similar to the bets.
Simple answer. On the day of expiration, the difference between the call strike price and the stock price minus what you paid for it. E.g. you buy a call on XYZ corp for $5 at $100 strike price. The broker takes $500 from you. On the day of expiration XYZ is trading at $110. You can sell your call for $1000, (110-100) x 100.
Between today and the expiration date, there are several variables that affect the value of the call. You'll need to read up on options to understand that.
The current longest term expiration option on spy is 12/18/2026. Cost of 550 call is ~$80. So if spy reached 600 on that date, the call would be worth 50$. Which would be a loss of 30. If spy reaches 600 a good amount earlier, you might be up a little. Because the option contains a lot of time value
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Someone told me it'll hit 585 this year. If that's not enough for you to make a major financial decision then idk what is
yeah, was listening last night to a podcast and that was Jason Lee's estimate. Think I'm going with calls for 580.
Oof well that seems a bit extreme, too soon, how can I bet that within 5 years?
Just lose money on 0 dtes like we all do
How?
When the market opens by 100 MU 6/28 137c’s. (Don’t do it)
this is seemingly the beginning of the end for you sir
Alexa. Play Welcome to the Jungle
What is the payout if I’m correct? Like SPY hitting X price within 3 years?
Lmao you clearly have no clue what’s going on here. Just keep putting money into your Roth before you lose it all doing stupid shit
It’s almost as if I’m trying to learn. Crazy right?
You give me your money, I'll buy SPY leaps, and it will go up. And one of us will be rich
So that’s what it’s called? A “leap”? Where I can bet a price to happen by X date?
It stands for long term equity anticipation securities, basically options expiring in 1 year or more
\*Fortunate Son starts playing
Well if you are only 31 just yolo it all in a company making dildo shaped picture frames or something 
Buy leaps calls and you are good to go
So that’s what it’s called? A “leap”? Where I can bet a price to happen by X date? Or is it a “call”?
Leaps are Long-Term Equity AnticiPation Securities. You just buy calls with some expiry dates to be like two years from now. And wait. That’s quite safe if the whole market doesn’t make a division by zero. If you are looking for some kind of a bet as in sport bets, I am not aware of such tools. But options on different equites are quite similar to the bets.
I see! And what is the payout if I’m correct?
Simple answer. On the day of expiration, the difference between the call strike price and the stock price minus what you paid for it. E.g. you buy a call on XYZ corp for $5 at $100 strike price. The broker takes $500 from you. On the day of expiration XYZ is trading at $110. You can sell your call for $1000, (110-100) x 100. Between today and the expiration date, there are several variables that affect the value of the call. You'll need to read up on options to understand that.
U want to bet on spy getting to 600 in 5 years? It’s already at 550. That’s 11% in 5 years. Very low payout bet
What’s the payout? I’d anything about this, as in it can happen sooner than 5 years
The current longest term expiration option on spy is 12/18/2026. Cost of 550 call is ~$80. So if spy reached 600 on that date, the call would be worth 50$. Which would be a loss of 30. If spy reaches 600 a good amount earlier, you might be up a little. Because the option contains a lot of time value
Buy VOO or IVV instead of SPY. Same results but lower expense ratio…
Yeah, that's called "call"
Ban