Markets bounced more than most expected reaching around 208.5 today before settling around 207.93 at close and after hours. I rolled the debit spread up on the MIC a bit (selling the 1220 puts and buying the 1190s). We’ve had a bit of whipsaw happening lately and we’ve had to adjust. A bit annoying but we’re still probably going to end up around 4% with a most likely worst case of about 2.5-3%.
Our May MIC is doing fine, the volatility collapse helped a lot. I entered most of the trade on a big 2.5% down day. The calls are getting a bit pressured but we’ve got another 5-10 points before having to adjust.
The Alpha protector is doing great! Especially on up days like these.