#SPXcampaign I don’t give up easy. This is my fourth #RiskReversal in a row. Learned my lesson this week… since I have been selling a new one each Friday two weeks out, it means I have two R/R’s going at all times. On Monday’s and Tuesday’s record highs, could have sold this week’s and gotten a decent profit. Instead, I waited for a longer and higher rally that never came.

So today, the May 12th r/r expires, I’m sitting on a May 22nd r/r, and now I’ve added this one:

Bought to open $SPX May 26th 2410/2430 call spreads for 3.50
Sold to Open SPX May 26th 2365/2340 put spreads for 3.35.

Rough profit/loss on the strategy so far: ZERO. But the idea is to profit on a strong rally, which has not happened yet (or may not happen at all) during this Upside Warning.