It was another week without any threatened positions. My profit on indices was $1.5K. There were couple of down days in the mid of the week before the NFP report which gave me a good opportunity to sell some puts for June. On the pop up before NFP, I sold some calls to form strangles and iron condors for my June positions as well. My indices options started to extend to 40-56 days. I will observe and study the effects of how increased volatility will affect these Karen style positions. I made a mistake by looking at a price in wrong week and adjust my exit price from $5 to $10. It cost me $5 and emotional capital. A double check procedure and habit are needed.
Grains are still in the down trend but slowed down some what. I am out of corn positions. Wheat remains my biggest loss in holdings. I will continue to rollover and reverse my wheat positions next week. I didn't accomplish much last week.
No comments:
Post a Comment