We had another RUT\u00a0down day yesterday so I entered some more Aug MIC since the prices were good enough. It’s pretty damn close, and I don’t usually enter the trade this close (32 DTE) but the prices were decent and I am going to keep my profit targets on that part of the trade a bit lower. \u00a0The futures are down again and I might enter a final part today bringing our allocation to 50% for the month.<\/p>\n
I closed about 75% of the SPX MIC put credit spreads when it touched 213. \u00a0It appears it was great timing as the market just fell a bunch since then. Yesterday I sold more to get the delta’s in line and to replace the ones I bought back. \u00a0Trade is looking great.<\/p>\n
The RUT MIC is doing fine as well. I think it’s up 3-4%.<\/p>\n
All in all, we are just holding our ground. The protector alpha shorts got a bit over-run and I had to adjust a few days ago – Only to have the market reverse \ud83d\ude42<\/p>\n
My bearish butterfly for Aug is up about 20% (the return is calculated a bit differently than the MIC returns).<\/p>\n
Aug Kevlar trade is up nicely<\/p>\n
Aug M3 trade is up 5-10%<\/p>\n
All in all, sitting at all time highs and getting ready to enter the next trades.<\/p>\n","protected":false},"excerpt":{"rendered":"