I got nervous when I felt the market was heavy and my hedge put credit spread hit a loss of 2% of my portfolio so I got flat on Thursday near the close. I did put on a bullish back ratio on SPX near the close on Friday but I wanted to hedge for a down move so I sold 300 SPY to create a straddle type of trade. I closed that today for +$715 and I'm flat again. With the bid/ask spreads so wide, I'm likely going to wait to see where we go from here a day or two. BTW.. I was able to model the 300 short SPY shares in SPX by selling 30 SPX indexes Not perfect but pretty close. What are you doing?