Last few weeks, I have under performed. Not using anywhere near my usual size on premium. The market overall has me and my strategy a bit confused. I think over the next few weeks as the market normalizes again, the strategy will start to shine. Spy Change: +2% Ending portfolio value: $112,692 Change: +1%
Finally a week of outperformance. Towards the end of this week, I made a fundamental shift in my hedges. Took a lot of them off temporarily. With the market so extended to the upside, I removed many of the upside hedges. This means for at least the next week, I will be more exposed to upside moves and will likely underperform the market if the move is greater than +1%. Weekly SPY Change: +.17% Ending Portfolio Value: $113,698 Change: +.9%
Got tied up and didn't post this last Friday. The week should have been great, a +2 or 3% week. Tried adding a few wrinkles to various hedges. One of them worked great, one ate up most of my gains. Week SPY Change: +.82% Ending Portfolio Value: 113,850 Change: +.13%
Bad week for the market. The strategy held up somewhat well by outperforming the market. Weekly SPY Change: -3.57% Ending Portfolio Value: $111,825 Change: -1.7%