As an additional hedge, at the moment, I like for the STP:

• Sell 4 WHR 2020 $125 puts for $12.50 ($5,000)
• Buy 50 SQQQ May $16 calls for $3.90 ($19,500) 
• Sell 50 SQQQ May $20 calls for $2.20 ($11,000) 

That's net $3,500 on the $20,000 spread that's almost all in the money to start and the only way to lose is if the Nas goes up quite a bit from here which, with all these headwinds, doesn't seem too likely.

This hedge also gives us a buffer to take profits on some of the Sept $15 calls if they spike higher and, if they don't, then the Sept $15/20 spread (80, half covered) can cover the 50 short May $20s and we take $19,500 off the table for a $16,000 instant gain (on cash) while the rest plays out.  

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