Unwinding The S&P100 Hedge
Risks remain
Yesterday I sold 8 S&P100 Dec. 64$ put contracts for 0.75$ a 50% loss on 40% of the original position. Back in August I sold 25% of the original position for a 33% gain. Net net I'm down on the trade. The hedge has for the most part served it purpose protecting the portfolio from a >10% correction. I'll look to clear the hedge entirely during the next week or so as it looks like they may expire worthless otherwise.
