Update: November 24th, 2017
Take profits on the put side.
Update: December 1st, 2017
Rolling call spread higher and adding put spreads.
Delta: From -30 to -33
Theta: From 15 to 65
Update: December 5th, 2017
Cutting upside risk in case the market doesn’t actually selloff here…
Update: December 18th, 2017
Closing out the hedge and removing 20% of our short calls to cut our risk down for the weekk.
Update: December 26th, 2017
Closing out the rest of the trade for a loss.