Yesterday
Fdax fell pretty hard in the afternoon, all the way to the low 9100s (M4).
So I sold Dax May OTM
put spreads, and bought OTM calls for a small debit.
At the same
time I closed out a long SPY May02 PS I had opened a few weeks back (188/185).
I still
have a stub of the position (1/3) and
will look to get rid of it today on any weakness.
No idea
what the move up (IF it happens) might be, but signal triggered longs yesterday at end of day, hence the PS sales.
SPY wise..
I’m covering out of exhaustion, will look to re-enter some shorts opportunistically
if the rally (that I think may be coming) is sharp enough. Either than that,
playing earning season, and putting on credit spreads on individual stocks when
and if volatility warrants.
