Buy SPY via selling Jan 119 puts, SPY @127.8. SPY 120 is the bottom of the recent range, with multiple minor short term support levels in that range. So I'm betting that support level will hold. Of course, with the big stock rally, this would have been a much better put sale a day early.
I also buy BRKB via selling Feb 67.5 puts with BRKB @77.8. The story is the same as the last times I have sold puts, chart support and a stock buyback.
Long BRKB, SPY, TBT
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