We’re consolidating between 2120 (support) and 2130 (resistance). We had hit 2135 during the fed release but retreated back into the range. This is a tight range that we’ve been holding for 6 days. I’m not really sure which way the odds favour. Time will tell. My guess is that we’ll have a shallow pullback then an up move towards 2150-2160. Mostly this surmising where the market goes is just for novelty. I don’t really use it all that much practically, but I do enjoy it.
The positions are sitting nicely with the RUT MIC now sitting at ~3.5% and the SPX MIC sitting at ~3.7%. That’s a nice gain from the day before. It appears we started to see some accelerated time decay yesterday ahead of the long weekend.
Yesterday, I spent some time testing out a 9 day no touch condor and had some decent results. I’m going to do 3 years worth of backtesting but so far It had a 2.9% weekly return (after commissions). A 78% chance of making some money and it was closed with a loss of 20% or more and a gain of 11% or more (after commissions).
The protector alpha is doing well. A bit ahead of SPY which is nice. If we had used the regular ETFs instead of the equities we use now, we’d be behind by a good amount.
Ash and I leave tomorrow for a 3 day (sans kids) Paris trip. I’ll post a trip report on this blog.