With my current #RocketManHedge looking like it has a good chance of turning a decent profit ( in spite of moving against me from almost the first day) I’m adding another out about 90 days. This one is slightly more expensive since I’m setting up a little above the market but giving it a couple extra weeks to make up the difference.

#SyntheticShort -A little hedge out through March expiration…

Synthetic short stock with a protective call. 49.00 debit with max loss of 54.00:

Sold SPX MAR 16 2018 2670.0 Call @ 46.23
Bought SPX MAR 16 2018 2670.0 Put @ 51.97
Bought SPX MAR 16 2018 2675.0 Call @ 43.26

Need to collect 4.15 per week to cover the max loss so:

Sold SPX DEC 18 2017 2650.0 Put @ 5.40

Selling Monday and then looking to double up on the following Friday…

#fuzzybear