Buy SPY (sell long puts)

Sell SPY Jun 157 puts @ 159.4

Time runs out on my puts as this is expiration day. These are part of the backratio. I am still short the 2x SPY Jun 154 puts. I sell these puts at a loss, but the other leg is at a profit. All my other short puts for June look to be safe.

It feels like a difficult market. In hindsight, yes, every move related to the Fed comments is so clear. Few have been able to time these short term moves precisely. I'm sure some have, and they will tell you about it, but it is an extremely small group in terms of percentages. Those that were on the wrong side of these moves won't tell you about it. 

 

Long APC BA BRKB IWM LGF NSC PG XOP XRT

expiring HOT KORS NTAP SBUX

Net long SPY