New hedge
Yesterday, Weekend Trader replaced three of its four positions. It has now reached the target weight of 0.13, as discussed here. Because leverage is lower now, I needed to readjust the hedge. I also found that hedging with the Russell 2000 index tracker ETF (IWM) gives a slightly better fit than hedging with SPY.
Therefore, I sold the SPY Dec 142 puts for $6 (bought last week for $8.30) and bought the IWM Nov 72 put for $2.33.
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