SPX complete reset…

#RocketManHedge – Had two of these running…one that had become long deltas on the selloff and one where I had rolled the weekly sale out to Dec to give it room. Clearing both out with profits and starting fresh in May with long puts only and a conservative weekly sale against. Put premium is up but it works both ways. Weekly sales are juicy allowing more downside room to run…

Hedge #1

Closed March 2670/2670/2675 synthetic short
Closed March 2725 put (that was the big profit blocker)

Collected a lot of weekly premium and all said and done made 20 points

Hedge #2

Closed April 2800/2800/2810 synthetic short
Closed Dec 2500 put (too slow to get it out of the way or could’ve been big)

Collected a lot of weekly premium and all said and done made 17 points

Kinda disappointed in how I traded it but still winners…