SPY bounced right off 741 and QQQ reclaimed 690, so the tape's got its bounce for now. But the hedge book got bigger anyway: now sitting at 10% of the portfolio between September SPY puts and fresh QQQ 690 puts for August expiry, running about $18 a contract. DCA into this dip is fine, just don't mistake today's bounce for a bottom signal, it was too predictable to mean much yet. Sizing rule stays the same: never make a hedge so big it stops being a clean win if it expires worthless.
Aggregated and distilled by Two Sentence Traders. Not financial advice.