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1/21/20: Portfolio Analysis - Closing our BABA Inverted Strangle

From Theory To Practice

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With today’s big down move in BABA, we devote the first part of today’s portfolio analysis to closing out our losing Inverted Strangle. At this point, if we kept the position on, it would continue to be purely the direction that we don’t want in our overall portfolio. Thus, by closing this position, our portfolio deltas are instantly brought in line with our overall market bias higher.

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