I sell the last of my long SPY puts, the Oct 109 puts that were part of a short backratio 109/104. I remain short batches of SPY puts at much lower strikes 104, 95, 89.
My GLD short put backratio 159/154 is now slight negative delta. Max profit is at 154 on October 21, below 149 and I start taking on water.
Long PFF, SPY, TLT
Neutral GLD
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