As promised, today I am back and I will sell the 1 SPY 680 Put I am long of, expiring 13th March. The problem with those is theta, which is slowly killing them. But we still need protection in this environment. I will therefore buy ONE 680-650 put spread to March 31st. Hopefully by then this Iran silliness will be over, and we will no longer need protection, In any case it gives us time and protects us. We will reassess in video on Saturday.
