Sell XRT strangles @58.8 for credit
sell XRT Sep 63 calls and Sep 52 puts
XRT is the retail ETF. A short strangle is a bet on a trading range, and loses if there is a big move up or down. Recent top was 63 and there is a base of support at 52 to 54.
I also sell IWM strangles, selling Sep 85 calls and Sep 67 puts for credit with IWM@77.5. Again, this is a bet on a trading range, 83 and 85 are resistance, 72 and 70 are support. IWM is the Russell 2000 ETF.
Long BRKB EWG
Net long LGF IWM SPY XRT
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