shorted 2x more 94C June @2.63 -4x total now Ideally, I would like to limit myself to one new position per day (but no limit on hedge positions).I felt a bit greedy today, so I entered twice.
added another short 94C at 2.65 current position -5x average 2.58 approximately break even at the close today. the market can go down now
no trades today. i wanted to lock in some gains by selling 2x June 91 puts but my target was not reached.
94's have more premium that i can milk. 93 would be my second choice, 95 third. i don't want to go too deep ITM because i think this crazy bull is not ready to drop a lot just yet.
if the calls expire worthless, it will be perfect. if they don't than i can rotate them into the next month. i will deal with it closer to expiration. if spy drops enough i intend to start selling ITM puts to lock in gains and build strangles. was trying to short one more 94 call after spy bounced up after the drop, but did not get a fill.