Vega hopful...

[destriero]

Thanks...but that's the issue...your solution depends on a significant directional bias...which if I had one, I'd probably do something else..?

If in doubt, get out.

You can't repair it, but you'll still earn significantly on a strike touch of you short the 340 for Feb. I'll end with a tautology; you're going to do what you're going to do.

 

[DiceAreCast]

What is your catalyst for a market drop other than expensive markets? If that is it then that's a pretty edge-less pursuit imo.

You nailed it with the volatility! Not sure how much longer the bulls have and wanted to be in a position that could last another month or more if needed without bleeding too much. Trading in my shorts for something closer to 380 makes sense and likely won't hurt too much as I really don't expect a giant move...just wanted to maximize returns and in the meantime not bleed too much. lol