I haven’t updated my blog for a while as I’ve been traveling and picking out all sorts of stuff for the house construction project (tiles, cabinetry, appliances etc) If I wasn’t in a design meeting (while preoccupied with my trades w/ phone in hand), I was enjoying the company of friends and ending up extremely exhausted by end of day and just didn’t have the time for an update. Suffice to say, the week went well and we ended up with some nice theta gain despite the wild movements. I am aiming to close the trades on Monday as we’re approaching 21 DTE and have 6-7% gains. It’ll be a wild week with I think 9 different Fed speaking and Yellen on Friday. Market is pricing in a 30% chance of a rate rise in Jun. Could be dramatic moves soon coming. I won’t be in the June trades. I’ll be entering more AUG SPX trades and starting to look at RUT AUG trades on Thursday.
Re the June trades, the P/L below may not be exactly accurate as I entered the trades but didn’t update them with the pricing I paid for any adjustments. They’d have used whatever the price was when I converted the trade in OV. I have to go back and do that. If anything, it’s probably under-stated. The day RUT fell to about 1085, my P/L was quite a bit worse off than OV would have suggested, typical when vol goes up. That shows the models aren’t as accurate as you’d think. Anyways, something to note, though, I was keeping my deltas well negative through the week.
June Rhino M3 (P)
# of Units: 30
Planned Capital: 750,000
Current P/L : ~41,000
Max Draw Down: P/L: -18,000
Current P/L(%): +5.5%
June Rhino M3 (D)
# of Units: 16
Planned Capital: 400,000
Current P/L: ~27,000
Max Draw Down P/L: -11,000
Current P/L(%): +6.75%
June Rhino M3 (M)
# of Units: 25
Planned Capital: 625,000
Current P/L: ~43,000
Max Draw Down: -16,800
Current P/L(%): +6.8%
