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September 28, 2016 at 11:46 am
#7043
IncomeLab (Old)
Participant
The game plan is to make adjustments IF/WHEN short put (1990) delta reaches 25 or short call (2250) delta reaches 20. We’re going to use OTM options with 45 days or more until expiration to reduce NET delta of this position by 1/2. Right now NET delta of this position is about -15.