Every day is interesting, isn’t it?
Markets have had a huge bounce which is obviously good for the majority of our trades. The protector is up and we’re mediating our SPY/TLT losses a bit (at 15% now).
The protector is up as it should be.
The MIC trade is approaching an adjustment zone. Not ideal as we adjusted on the way down just a few days back by adding 18 1200/1180 debit spreads and it appears we might have to take those off if we hit 1243-1245 on RUT. It hit 1206 (we adjusted at 1208) and it bounced to 1237 yesterday. Part of the game. The trade is up 1.33% to date with theta at about 1700 a day.