Didn’t have to do much in terms of adjustments this round.
We’ve got 1 month left, and the upside breakeven is way too close for comfort. I’m going to take gains here and use the capital for other trades.
No need to worry about the put side, just close out the call side.
Gains from the SPX trade are around 800 bucks, and the VXX puts are up about 110. Total take is 910, so about 15% return on max risk.
