30 July 2016 at 7:40 GMT
Plan for August: As planned, we've closed all experimental positions and now remain with a long PUT which we hedged with a long CALL. The long CALL was purchased when we hit the lower Bollinger band, expecting the small correction to end. If the market huts upper band, we have then have the option of selling a call. If we hit lower band again, then it signals bearishness, so we can initiate a put spread?