We took advantage of some sunny weather and spent a few days on the Oregon coast. There’s something about going in the middle of the winter – no crowds and the clam chowder tastes even better!
Alpaca feeding on the way home. Hard to find a better looking farm animal.
Trade 10 was finally closed out for a 1.4% gain. The market continues north!
I’ve entered two new positions. Trade 12 is a 2660-2625-2555 broken wing butterfly on the SPX with an expiration of January 26. This has a very flat t+0 line and limited risk to the upside.
I’ve also entered my first broken wing butterfly in /CL – crude oil futures. This will be interesting since there is a lot more volatility in oil than the overall market. This provides a higher risk/return. This position is about 1/4 of the size as my trades in the SPX.
My position in XIV is now at $128.21 which is up 19% in about a month. I’ll continue to hold this until it looks like we might be moving out of contango.