Buy SPY (sell puts)

Buy SPY via selling SPY Aug 102 puts with
SPY@116.6

I add some more SPY delta as my short backratios move down in delta. I have misplayed these last couple of weeks badly, we will see if that continues. So far, yes, as SPY is now 116.2 and falling as I type this up.

GLD and TLT tumbling today, but I have considerable room on my short puts after the recent run ups.

Long GLD, SPY, TLT