Ahead of the Beige Book release:
Bought SPXY (S&P 500 3x short), for $35.80.
Bought a June straddle on SPY (bought June $107 calls @ $2.23, bought an equal number June $108 puts @ $2.42).
One buys straddles when one anticipates a large move in a stock or index, but doesn't know in what direction.
