Our S&P 500 (SPX) hedges are on track to expire worthless. Remember that this was the goal for these purely defensive positions.
However, we did manage to reduce the cost of our standalone put hedge when the market sold off last week following the Federal Reserve announcement.
I will recommend new hedges the next time I anticipate an event may disrupt the market.
Current Index Price: 4,277.83
SPX Jun Week Four (6/25) 3900 Put
Net Debit: $2
Action: Watch put expire worthless
SPX Jun Week Four (6/25) 4000/3950 Put Spread
Net Debit: $1.15
Action: Watch put spread expire worthless