1. Bear Spread
2. Put ratio spread
I am expecting the market to be range bound with a downward bia and hence two bear plays. On the contrary, the market surprised this morning and jumped 1 percent.
I latched onto the opportunity and squared the "Put ratio spread". I also bought a deep PUT, so I have a higher delta. All worked very favourable as the market ended up closing FLAT!
It was a good day in the market and have already managed to bring the account into GREEN.