Buy back the CHRW Apr 50 call, Sell the Apr 45
Whomp. The market thuds lower. Looks like a retest of the lows or worse is in the cards for the major averages. CHRW has underperformed since being added to the SP500. I am taking my lumps. At this point I am in the red for the year, thankfully my equity exposure remains limited.
In my mind it is a bit early to be adding to longs.
Current: long BA, FLR
hedged longs: C, CHRW, GDX
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