Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
General

SOS Update: +30K but big rally takes away profit

Here’s the latest on the Short Only Strategy:

(Click for current status)

A huge rally this week took the current position to a mark to market loss, but we have big profits booked last month that keep the strategy afloat. I am not taking on new positions despite a large fall on Friday; I’m not yet convinced we’re good for a longer term short.

30K is the current profit figure, most of which came in through puts last month. I should be buying puts even now – but for some reason I’m not comfortable with the current situation.