After the absolute train wreck from 2 days ago, I bunkered down and got back to good trading.

I made a good short entry yesterday (7/20) with puts, everything was going in my favor from technicals to options expiry. I debated for about 60 minutes where my entry should be, and settled on 247 SPY.  I opted to not trade SPX options here due to the extreme spreads and illiquidity which was caused by options expiry yesterday.

Everything looked good yesterday (albeit taking some preliminary paper losses due to the move up). 

It is almost never advisable to go short/puts when you are in blue sky territory, but this was such a great set up I could not pass it up.

I banked 55% profit on this trade this morning.  I ended up selling around 246.30(ish), re-entering with puts around 246.45 and selling at a very small gain (3%) after getting a touch off the lows, and a strong move back into the 246.40s.

Im pleased with the decisions today regardless of the level of profits. 

On a side note, I have added a bunch of ETH over the past few days.  Again, I have no intention of selling these holdings, these are purely a USD hedge. 

Current Holdings: 52 ETH @ 200 Avg