Sell GLD strangle Sep 111 put Sep 145 call @128.4
Short strangles are a bet on a trading range.
Sell SPY backratio
buy Sep 157 put sell 2x Sep 154 put @168.7This short backratio is for a net credit, net bullish, theta positive. If the market is up or flat, I pocket a small credit. If the market declines to 154, I get a huge profit. A decline below 151 and big losses occur.
Long BRKB GE GDX IWM PG
Net long APC GLD LGF SPY
Net neutral BA