Another good week for the market and another good week for me. I wonder how long I can keep this correlation going?
Didn’t look at the number but I think I underperformed against the market this week. But I am happy with my results this week considering the portfolio is delta negative.
The most significant trade of the week has to be going long on QQQ with a covered call on Wednesday. However, it got called away after Friday expiration. I decided not to add more positive deltas beside the near the money puts to cover my current short positions.
New short position added this week was SPY at $267 and DIA at $250. There was also the $270 short call on SPY as well. That one was closed early for
Holding -400 shares short is almost like having only 1 futures contract so I am not worried at all with the size. I will get back to adding futures option again when the market move back near all time high. Any weakness in the market and I will use futures to press for more gains on the down side.