Personally for the past 2 years i've allocated 1/3rd of my total portfolio wealth into playing options. But so far 2023 is looking to be the most hated year by those that have been sitting on the sidelines with cash. Buffet knows himself that you're always better to put your cash to work in good times and in bad times. The problem is most people holding cash will usually miss out on valuable gains. One should be thinking contrarian and that is be moving cash into markets now before interest rates starts coming down and inflation figures abate.