Just came back from a 2.5 week vacation in Cayman and Toronto so posting has been unintentionally light.
The account is at all time highs. Things are going well.
The MIC for March did 3.86% which I was happy about given the conditions. I probably was a bit overly cautious in the management of the trade. But that’s OK. I gather I could have eeked out about 5% with less conservative adjustments. But hey, 3.86% in a month is nothing to sneeze at. I usually leverage this about 2.5-3x
The protector is doing well considering the market is up what 0.75% since the start of the year. The hedge is down about .68% and the equities are up about 2.9%. The overall result about 2.22% up. So not only are we completely hedged, but we’re up 2.22% vs SPY 0.75%. I leverage this usually 6-7x.
We flew out of Malta and arrived in London for an overnight at the hotel. We usually do this because it’s easier with kids, we break up the trip to make it more manageable. On the way there, our kids acted like someone just released from an insane asylum, it was super bizarre. They acted like they haven’t already been on 100+ flights and that it was their first time. It was maddening. I think they were just excited to get to Cayman and see their friends. The following day, we got on the long haul in business class (using our points I acquire). I look forward to the flight about as much as the trip, I love BA business class and the service. The arrangement is pretty awesome, the kids have two seats in the middle (next to each other) and we’re on each side, it’s essentially a pod that contains all their noise and that they can move around in. They slept about half the flight while Ash and I enjoyed the free champagne, wine and food. The next day we stayed a night in Toronto and departed early in the AM on Aircanada to Cayman. Pre-market that day was quite intense, I had sold some IWM to hedge our RUT IC which proved to be an expense and the ONE adjustment I didn’t love doing. The delta would have been a bit uncomfortable and I figured it was the best move. Of course, the market rebounded very swiftly.
Cayman was awesome. Saw all of our friends, over-indulged, and got a bit fatter. Afterwards, our 5 day sin Canada were the same. Time to diet and exercise like never before.