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May 27, 2020

Today's trade was going great all day until the final minute...literally! The SPX made a slow crawl to the 3035 level today and didn't reach it until the final minute of the day. It closed at 3036.13, settling $1.13 In The Money for our short strike. This resulted in a loss of 19.4% on today's trade. We are currently at a -4.9% return on the month of May. If we see an opportunity to make some of that back this Friday, we will send out a trade alert.