Oddbean new post about | logout
 I was tempted to go with a balanced fly but I went slightly unbalanced to hedge my delta risk so I put on 2-lot 65/70 fly centered at 4060P.  A nice balance for this environment. Were we a bit higher vol, I would have likely gone balanced.  We'll see.

https://soapbox.midwaytrades.com/media/fb9c8a7c-7dec-47be-9acf-ab0d78aa5ad1/914_open.png