Crash Monday? SVB contagion, VIX spike

I did close partial, 1200 @ 6.38

 

Am I close: long the bear risk reversal, long futures, in some sort of ratio between the three.

 

No the SL is all convexity; no futures or synthetics(futs). I do have bear reversal on, however.

 

im scaling back in incrementally piker size 300-400 shares at a time, eg 6.44 6.48 6.54 etc (not reco) with .10 or tighter stops

 

Would you be able to give a random example of what you consider to be a skew lock or would that give too much away. Thx.

 

Sorry I can’t, other than to say it’s always long some discrete wings to add convex up/down tails.

 

RTY with so many of the banks continues making LL's

 

Worth a try

 

faz