Buy SPY via selling Feb 124 puts, SPY@132.0. I add another layer of short Feb puts. I am already short Feb 107 and Feb 113, as well as Mar 107. Hedged against this is are some long Mar 114 puts. With the rally, my SPY delta drifted to neutral. This latest move gets me back at delta positive. My thinking is that if the market was going to go down, today was a good day for it to happen, with some selling in the morning. There is chart congestion at the 124/125 level.
Long AAPL AMZN BRKB EEM SPY
Short GDX
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