Trade Alert: What I’m doing with our IWM puts

I wish I’d done it earlier this morning, but I thought we might have some drift lower into the weekend, but anyway — I’m going to sell 1/3 of them this morning, sell 1/3 of them and let 1/3 of them convert into a bigger IWM short position. These puts were basically worthless last week, but with the big decline in small cap stocks over the last week, we’ve cut the losses on them. Remember these IWM puts and short are just hedges against our broader long portfolio.

PS. I made a cameo last night on The IAm Neil Patrick Harris App as Neil live streamed from the gym, discussing his workout regimen and the new Cirque du Soleil-style trick he’s working on. As Neil notes in our discussion, my company, The IAm App, made Neil’s app. You can download his app to see my cameo and to get the chance to ask NPH a question live on his next IAm Livestream. iPhone- https://goo.gl/o17WlT and Android- https://goo.gl/SsqJWu