SPX

#RocketManHedge – A little adjustment on the pullback. Doesn’t look like we’re going to crash so focusing now on collecting more premium than the max loss on the hedge. Should still make some scratch up or down while still helping on the pullbacks.

Bought to Close SPX NOV 20 2017 2565.0 Put @ .95 (sold for 8.00 two days ago)

Sold SPX NOV 24 2017 2575.0 Put @ 4.95

Max loss on the original hedge was 50 points if above 2575. Already cut that down to 22 points in 3 weeks with 8 more weeks to run. Sell a little at a time and still carry some downside help…