Disclaimer
This is for informational purposes only.
Discussion
Trade: Sold out of SPY October $400 puts
Rationale: Bottom line is I underestimated the strength of the very soft landing narrative I said was coming. I should have stuck to my original plan and hung on to my $450 calls, but clearly am still too antsy on the short side.
Time to preserve and protect mental and financial capital for a better opportunity on the short side, likely around next week’s FOMC meeting.