Folks, I’ve had to increase my nimbleness 
to navigate these weak-A** markets so I’ve traded all types of selling options strategies in Alpha Hunter this month, including:
It was a solid day of trading for me yesterday to start the week.
I had a good read on the markets, and started to make bets that we were going to stall, and possibly head lower.
The trade I leaned into, which I felt had the biggest potential to drop, was IWM, of course, as it was my Bullseye idea this week, and I also added a long IWM put spread during the day as well.
That trade obviously looks pretty fantastic this morning, with IWM dropping in premarket.
I also set up a short call spread on QQQ that expires this week. I think I will take half of QQQ and IWM off the table this morning to lock in a profit, and then let the rest run for a while longer.
My overnight QQQ condor should be ok. I will try to close it in the low $.20 range, if I can get there. Most likely, I will exit the call side of this to lock in profits there and then wait a while for volatility to die down so I can exit the put side as well.
I also closed out the CELH long call spread. This was because of my bearish stance on the market and the fact it was flirting with giving up a nice profit I had at one point. I decided it was best to lock in a small profit, instead of letting this go red on me. That’s always my rule, and it looks like it was right.
AVGO is the only straggler right now. It just won’t break down, and that is mainly due to the strength of NVDA and semiconductors overall (once again, Bullseye pick last week – pay attention to those ideas!)
I would add to short positions on any bounce today. I don’t think a rally will stick. If things drop a lot, then I plan to close out all of IWM and QQQ shorts.
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