Haven’t posted in a while. Been busy with the vacation.
This week was pretty interesting. The market fell quite a bit, just look at that daily candle. We’ve ended the week at the same level. Chart taken from Cobra.
The protector portfolio is up about 1.5-2% while the market is at 0%. This is because of the alpha picks used. It’s a long hedged portfolio so when the market falls, it falls at about half the rate when we’re so close to the long put with a delta of 50%. All in all, performing as expected if not better.
The Apr MIC is up about 3%, pretty good result considering it went down to 1207 back up to 1267 and then back down to 1225.
We used the big down day as an opportunity to enter the May MIC.
All in all, despite the market now being neutral for the year, we’re doing well.
