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![LanceRoberts Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::49958733.png) Lance Roberts [@LanceRoberts](/creator/twitter/LanceRoberts) on x 95.4K followers
Created: 2025-07-18 11:58:47 UTC

Why we bought some cheap "out of the money" S&P #puts this past week.
- #Stocks are at all-time highs
-Gross #equity exposure is at all-time highs.
-Cost to protect #risk is extremely cheap. 
That isn't a hard call.

![](https://pbs.twimg.com/media/GwI2BuzWQAA0vKf.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946177830338846945/c:line.svg)

**Related Topics**
[stocks](/topic/stocks)
[alltime](/topic/alltime)
[money](/topic/money)

[Post Link](https://x.com/LanceRoberts/status/1946177830338846945)