Good day on the markets. Patience and proper management is starting to pay off as all June trades are now profitable. I did add a few upside hedges for any bounce as it touched the 1118/1120 area. Wanted to get things just a bit more neutral. We are 45 DTE and we’ve got a lot of life left in these trades and a lot of theta.
The May trades will help act as a downside hedge as any move to 1050 will make those very profitable. They are in the “dip” and each day I make sure to keep them theta positive by a good amount. They have very little to no upside risk.
June Rhino M3 (P)
# of Units: 30
Planned Capital: 750,000
Current P/L : 5,224
Max Draw Down: P/L: -18,000
Current P/L(%): +0.6%
June Rhino M3 (D)
# of Units: 16
Planned Capital: 400,000
Current P/L: 4,156
Max Draw Down P/L: -11,000
Current P/L(%): +1.1%
June Rhino M3 (M)
# of Units: 25
Planned Capital: 625,000
Current P/L: 5,029
Max Draw Down: -16,800
Current P/L(%): +0.9%
