Buy SPY via selling Jan 117 puts, SPY @125.7.
I also placed an order to short SPY via buying a vertical put spread, long Feb 118, short Feb 112, but it did not fill. I am thinking that there is likely to be a bit more pop to the upside in the stock market then a downturn. That said, if I could call every little wiggle in the markets, I wouldn't need to hedge or trade cautiously.
/edit to add: got a fill a few minutes after the close for the Feb put spread, making me net short SPY.
Long GDX, GLD, TBT
Short SPY
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