In case I’m wrong and the market keeps going up like a SpaceX rocket:
Closed SPY Jan 15th Butterfly. Net loss 4.10.
Still holding SPX BECS hedged with SPY long call.
Not trusting this rally, so:
BTC SNOW Jan 15th 290 Put for 4.60, STO for 7.00.
#RiskReduction #ShortStrangles – It’s been a pretty good ticker this year so not gonna press my luck with the weakness today. Keeping my long term position in the #IRA but closing the nearer term strangles for small profit.
Bought to Close EWZ JUL 21 2017 31.0/37.0 Strangles @ .67 (sold for .82)