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 @168.7
This
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
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