MIC Update:<\/p>\n
I only got in about 22 units this time around for RUT and about 8 for SPX. I wanted to do a bit more so I added some yesterday right at close. \u00a0My ideal # would be in and around 40. \u00a0It’s for May expiry which is May 14th so we’re at about the limit for entering \u00a0a new trade for May. After today, the only trade I’d be entering is for June. \u00a0I don’t like to go 35 days or less when entering a monthly style MIC. \u00a0The ideal is around 45-50 days. We’re already profitable on both the SPX\/RUT MICs for May at about something like 1-2%.<\/p>\n
Yesterday I did add 2 units of put credit spreads to my RUT MIC to reduce the long delta I had. I don’t normally do this but I felt it was a good way to reduce delta given we have 35 days and all indicators I use suggest we have more upside to go. \u00a0 All of our deltas are now zero (SPX and RUT) and our time decay (theta) is nice and high. \u00a0Burn baby burn.<\/p>\n
Protector update:<\/p>\n
I pretty much did this update yesterday, we’re sitting nicely with the protector.\u00a0If I ever setup a fund, it’d be entirely around the protector strategy. It’s consistent and its conservative. To me, after my years and years of trial and error\/research this is as close to “holy grail” as you can get.<\/p>\n
Being back in Malta is nice, there’s some positives and now that we know we’re leaving, we’re enjoying it all the more. \u00a0It’s truly a gem in the mediterranean. It’s got so much to see and do. Highly recommend it as a place to visit.<\/p>\n","protected":false},"excerpt":{"rendered":"