Not a very accurate statement. Oversimplified. Partly hedged, over a range. Well, I'm ready to wrap this up. I intend to close positions by tomorrow AM and roll out to positions beyond Sept. expiry. Some of my fav. parts of trading are plotting, planning, and testing. I still don't have a handle on the long term of the stock market, I'll study that more. But I've come up with a plan, finally, to use what I've got. Posting so much is a distraction, but I got a lot out of it. I'll try to post the close out of the trade. Perhaps I'll post a few trades to see if I can't scalp more than a few ticks, lol. A few more posts on thoughts, as well. But I'm mostly done for now. BTW, the initial ratio spread that I got a 300 credit for and was so worried about, was worth about a point (+50) today. Ironic, ain't it.
This leaves -2 SPY 190C and ES 1990/2000 bull call spread - all monthlies. Yesterday morning I got busy with other things and let the trade get away from me big time. I had an order out to buy the 190s back for .99. It came within a hair and some traded at that price. But that missed fill made all the difference. Also had plenty of opp. to buy back SPY shares sub - 190.10.