buying $SPY 124 weekly puts at .34, .37 OVERSIZED , earlier I added a oversized 128 weekly calls position again at .30 so now have a 2x oversized

/b buying $SPY 124 weekly puts at .34, .37 OVERSIZED , earlier I added a oversized 128 weekly calls position again at .30 so now have a 2x oversized long calls stake and a 1x oversized long puts stake so an off balanced strangle strategy. This is meant to create intraday hedge, since we hold so much SPY stock and all the AAPL long stock stakes. If we get to day highs will take a loss on this long puts stake, I really want to take a loss on this one for if we do then we are well positioned for a much stronger market rally to come.

Posted in General Trading