I used a ratio of 3 calls to 1 put, so if the market goes up some more, this will help to offset the losses from the puts.
I got out of the SPY $152 puts to reallocate the capital to this trade, which will hopefully give me a better chance of profiting.
P.S. SPY is trading at around 155.67, so the $157 strike is above current market pricing. Any puts that I've done below market pricing this month have fallen big time, so I'm switching gears to see if I will fare better with these higher strike prices.
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