Group 1 - The Federal Reserve's recent decision resulted in a minor and expected move, yet the stock market reacted positively, with the S&P 500 Index increasing by approximately 1% following the announcement [1] - The focus is shifting towards a long-term investment strategy in the S&P 500 ETF (SPY), emphasizing the importance of reliable protection rather than short-term trading [2] - There are various strategies available for investors to manage risk while capitalizing on stock market performance, with a suggestion that individual investors can implement these strategies themselves [3] Group 2 - The article discusses the concept of option collars, which involve owning shares of a stock or ETF, writing covered calls, and purchasing protective puts to manage risk [4] - A specific strategy called "Married Put" is introduced, which combines the use of put options for hedging while owning the underlying asset [4] - To hedge SPY effectively, an investor would need to own 100 shares, resulting in a significant investment of approximately $70,000 at the current price of nearly $700 per share [5] Group 3 - The strategy involves purchasing put options that are about 5% "out of the money," providing the right to sell SPY if it declines by that percentage [6] - The article outlines two distinct investment approaches: profiting from stock market gains and profiting from stock market losses [7]