Hedging for fun and profit

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Author profited from 1-DTE ratio backspreads on QQQ and SPY to hedge against bad price action, saving their portfolio.

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When I woke up today I didn't like the price action so I opened a couple of 1-DTE ratio back spread on QQQ and SPY.

Checked them a few hours later and felt like a genius and took profits.

Carried my portfolio so hard that I was actually green today. Nice

I'm usually more of a theta gang trader in cause you hadn't guessed.

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