#hedge LULU In addition to…

#hedge LULU

In addition to the May strangle I sold today, I have had an April 18, 130/135 short ratio put spread (2 short 130s, 1 long 135) trade put on March 1. LULU has been up and down, trade hasn’t been profitable. I bought a March 29, 120/130 put spread for 1.33. If LULU drops big I have some insurance, will be OK on a big rise, the short 130s will cover the hedge.

SPY

BTO Apr 15 284/282 Bear Put spread .78 #hedge From TastyTrade

IWM

BTO Mar 22 154/152 Puts $.75 #hedge

#hedge Wish I had kept…

#hedge

Wish I had kept my SPX hedges on. A $3 put that I had on at 2550 is now trading for $21.40-22.

Most months you never need it. Last few weeks it is almost a mega millions or power ball ticket.

Once we settle down I will always keep one of these on. Either long puts, ratio, or risk twist for times like this. Then you have a pile of cash you can deploy when the market tanks.

VIX hedge

#Hedge – I didn’t think this would pay until the election. It may do better but I’m booking it while it’s nice and green.

Sold 10 VIX Nov 11/13/17/21 double verticals @ .56 (bought for .10)

Actually left the long 11’s on for maybe a drop…

VIX hedge

#Hedge – Added the second half of this today. First half filled at .05 debit and second half filled at .10 credit. Also added long 11 puts underneath the short 13’s. Basically a bullish (on VIX) double vertical…sold 13/11 put spreads to finance the purchase of 17/21 call spreads. This will also be a nice hedge for shorting UVXY after the upcoming reverse split.

Here’s the original post:

=======================================================================

Theo Trade VIX hedge

#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.

=======================================================================

VIX Hedge

Theo Trade VIX hedge

#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.