Markets have resumed its grind higher as volatility falls back to muted level. We take this opportunity to reduce our long exposure and protect profits.

• IBB – 177% Profit: Long Sep 21 113/119/125 Call Risk/Reversals @ $1.80
• NVDA – 72% Loss: Long Oct 19 220/250 Put Verticals @ $2.38

Webinar: Understanding Debit vs. Credit Spreads – Thurs 8/30 @ 4:15PM EST