Markets have started a downturn as trade war heats up and economic reports around the world come in softer than expected. Additionally, geopolitical events such as Hong Kong are adding to the fire. As we position for further downside, we are taking profits on our shorts while reducing long exposure. 

Closing Trades

• LOW – 64% Gains: Long Sep 20 90/100 Put Verticals @ $5.32
• MU – 12% Loss: Long Sep 20 42/49 Call Verticals @ $2.15

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