The price action in the markets is not great. Huge reversals in precious metals as well. Most likely lower prices are coming in stocks for a while. We have added a few positions to the mix.
Bought 4 contracts of SPY Put Butterfly Spreads.
Buy to open: SPY April 17th (monthly) 670.00 strike put (ratio of 1)
Sell to open: SPY April 17th (monthly) 640.00 strike put (ratio of 2)
Buy to open: SPY April 17th (monthly) 610.00 strike put (ratio of 1)
Debit: 2.35
Max risk = 2.35 or $235.00 per spread
Max reward = 27.65 or $2,765.00 per spread
Bought a Bear Put Spread in CEG.
Buy to open: CEG March 20th (monthly) 280.00 strike put
Sell to open: CEG March 20th (monthly) 270.00 strike put
Debit: 4.20
Max risk = 4.20 or $420.00 per spread
Max reward = 5.80 or $580.00 per spread
Bought a 1×2 Put Spread in UBER
Buy to open: UBER March 20th (monthly) 77.50 strike put (ratio of 1)
Sell to open: UBER March 20th (monthly) 70.00 strike put (ratio of 2)
Debit: 0.95
Probable risk = 0.95 or $95.00 per spread
Max risk = owning 100 shares at a 63.45/share cost basis
Max reward = 6.55 or $655.00 per spread