"We have a March HP Bear Call spread at SPY 135/137 with a synthetic long position at SPY 127/127 as well as a Bull Put spread position at SPY 118/120. We also added gamma hedge Butterflies at SPY 118/121/124 and SPY 132/134/136 strikes; this trade is within risk limits however the call spreads are very close to a static risk exit at $.64 debit and should be watched carefully.
We also have a March LP Iron Condor at XSP 122/124*131/133 with a 129/131 Bull Call hedge trade. This trade is within risk limits and we just need to let time value burn off.

Offensive Game Plan: March HP offense is probably finished at this point unless we see some very dramatic opportunities this week.

Condor Market Conditions: Red Light. Markets are surging higher again and moving into a parabolic trend"