we close totally our short hedge in EEM 38-39 represents a major support level for EEM (2oo days moving average of weekly prices) and we want to take profit on our hedge at this level You Might Also Like we take profit on our nasdaq convexity June 28, 2018 Close short WMT & SMI November 21, 2018 We take profit on our put on EEM and buy Copper July 20, 2018