Disclaimer
This is for informational purposes only.
Discussion
I closed half of my SPY October $400 put position. I hung on through the day because VVIX and HY CDX were behaving in a risk-off manner, but now those risk-off signals are fading a bit, and SPX is ramping. I believe a pullback is very close at hand, likely catalyzed by Waller tonight, but I don’t want to have the full position on in case we get another ramp tomorrow.