Dancing with ( #Fuzzy ) Bears
Hello everyone! Not gonna lie, my net long deltas are feeling pain today, but I have so much silver lining here! Fuzzy bears are dancing and singing, holding hands with hedges and protective puts. None of you guys (men) could get away with saying a sentence like that 🙂
1. Gorillas are getting stopped out, gone are: BAH, TSEM, IDTI
2. Lots of hedges are rolled. The best way to balance long fuzzies is to rework the hedges and bring in fresh short delta. Rolled SPY, MSFT, CMCSA, IWM, KR, CAT, MU, collecting about $2800.00 on the covers.
3. Added a new Fuzzy bear on QQQ Mar 167/167/19 @ 2.73 hedged w/ 164 @.65

Revised Short Fuzzy Profit (on CLOSED Fuzz’s) after taking some losses today: $47,997
Net hedge collection on open positions: $25,180