Scaling into $QQQ 670 puts for end of August, funded by the win: banked roughly 7% of the portfolio in profit off yesterday's $SMH put sale and the earlier $SPY puts. Added a small weekly slug too, $QQQ 670P expiring 7/31, following an order-flow read that this rally gets sold into later this week or next, FOMC-dependent so higher risk than the August puts. The bet is we haven't seen a durable bottom yet, more selling into mid-August, then a rally, and these puts are just capital to redeploy and buy the dip when that turns. Would add to the weeklies if Korea pumps overnight.
Aggregated and distilled by Two Sentence Traders. Not financial advice.