Sell TBT, Short SPY

I lighten my position in TBT by rolling the calls down, TBT @18.0. I buy back the short Jan 20 calls, and sell the Jan 18 calls.

I also sell SPY using a vertical put spread SPY @128.4, buying the Mar 114 puts, selling the Mar 107 puts, moving me close to a net neutral position on SPY (short Jan 119 puts, Feb 107 puts, Mar 107 puts, and long Mar 114 puts). This put spread also serves to hedge my other short puts in AMZN, BRKB, EEM.

Long AMZN, BRKB, EEM, TBT
net neutral SPY