We’re consolidating between 2120 (support) and 2130 (resistance). \u00a0We had hit 2135 during the fed release but retreated back into the range. This is a tight range that we’ve been holding for 6 days. \u00a0 I’m not really sure which way the odds favour. Time will tell. \u00a0My guess is that we’ll have a shallow pullback then an up move towards 2150-2160. Mostly this surmising where the market goes is just for novelty. I don’t really use it all that much practically, but I do enjoy it.<\/p>\n
The positions are sitting nicely with the RUT MIC now sitting at ~3.5% and the SPX MIC sitting at ~3.7%. That’s a nice gain from the day before. \u00a0It appears we started to see some accelerated time decay yesterday ahead of the long weekend.<\/p>\n
Yesterday, I spent some time\u00a0testing out a 9 day no touch condor and had some decent results. I’m going to do 3 years worth of backtesting but so far It had a 2.9% weekly return (after commissions). A 78% chance of making some money and it was closed with a loss of 20% or more and a gain of 11% or more (after commissions).<\/p>\n
The protector alpha is doing well. A bit ahead of SPY which is nice. If we had used the regular ETFs instead of the equities we use now, we’d be behind by a good amount.<\/p>\n
Ash and I leave tomorrow for a 3 day (sans kids) Paris trip. I’ll post a trip report on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"
We’re consolidating between 2120 (support) and 2130 (resistance). \u00a0We had hit 2135 during the fed release but retreated back into the range. This is a tight range that we’ve been holding for 6 days. \u00a0 I’m not really sure which way the odds favour. Time will tell. \u00a0My guess is that we’ll have a shallow … Continue reading May 21 – Trade Plan<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[6,3,5,4,12,7],"class_list":["post-520","post","type-post","status-publish","format-standard","hentry","category-trades","tag-jeep-trade","tag-mic","tag-modidor","tag-modified-iron-condor","tag-protector-alpha","tag-weirdor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-8o","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=520"}],"version-history":[{"count":2,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/520\/revisions"}],"predecessor-version":[{"id":522,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/520\/revisions\/522"}],"wp:attachment":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=520"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}