Adjusting my SMH and XLU position

I don’t expect a large and quick rebound in the coming weeks. So I will try to keep my deltas neutral as much as possible.

I have adjusted my SMH and XLU strangle by rolling the call down, collecting more premium (especially with these high IVR this looks interesting), and lowering the directional risk.

In my excel overview this looks like this :

Don’t hesitate to engage with me on our option positions.

Cheers