Buy SPY via selling May 119 puts SPY @131.7. I add another layer of short puts. SPY down five days in a row, finding some support at the 50 day moving average. I also expect tax refunds to continue to flow into the market. I am already short May 107 and May 117 SPY puts, and have some more SPY positions, netting to slightly long SPY. Support at 125, 123, 120 and 118.
Long EEM, GDX, GLD, IWM, SPY, TBT/TLT
TBT/TLT = short strangle on TLT
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