Acorn Update: SPY Straddle: Roll 1
Our hedge against a breakdown in the crowded dispersion trade
Update at market close on March 7th.
Time to roll this straddle out to April 19th and back to at-the-money.
Link to new worksheet below. Remember that we want to stay in the bright green ‘max Vega’ zone at all times.
Note for those in the SOXX trade, there was a 3:1 stock split today. This has messed up the OptionStrat worksheet. Am fixing that now and t…