Complete summary of how I am positioning myself into the first half of 2023

$SPX Net liquidity is falling below the lower SD for the 3rd time in the past year. We will see much lower prices than current levels in Q1 of 2023
"Ben, why don't you go all in short then?"

Short-term technicals favor more upside. As you all know, I am very picky when it comes to good R/R setups. If i see a likely scenario of $390+ before we fall lower, then I won't
short at $383

Instead, I am accumulating puts in $SBUX, which has a very bearish LT,MT, & even ST chart structure. SBUX also happens to be a component of $SPY, so If "worst case" we
begin to selloff before $390, I already have short exposure (similar to how I added some $SPY June Puts at $393)

As for current $SPY longs, because today is so critical with the gap up, I am running a tight stop on them

This is the make-or-break moment for a final move up to low $390's. If price falls back under $380 then I will cut for a slight profit and focus on waiting.

Since my entry was $378.08 and factoring theta decay/IV, my breakeven is mid $379's on those original contracts (which were already trimmed for a profit around $384)
Basically, my bias is more short-term upside that will allow me to take additional profit on the rest of my longs

Then, I will short with much more ideal R/R at ~390

The short will be a multi-purpose entry with various expirations, as I am very bearish for the 1st half of 2023