I am going to cut NET delta by selling 1/2 size bear call spreads here. It’s not the best time to sell call spreads after a move lower, but I want to remove NET positive delta and hold on to as much THETA as possible.
SELL -5 VERTICAL RUT 100 FEB 16 1100/1110 CALL @1.00 LMT
I will deal with these calls later, probably roll up and add size on any rally.