With weakness in the equity markets, Howard's portfolio is taking a bit of a hit today. The question is, are any of these positions in jeopardy for the long run?
Starting with AAPL, Howard and Tony assess his deltas and aim to aggressively roll down his call options to hedge the long delta he has picked up during this weakness.
From there, they walk through QQQ, SBUX, SPY and DBXadjusting delta along the way and determining if Howard's directional assumption has changed.
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