March is over. Time for a report on the option trading. Still sweating out an over sized postion that goes against me.
Option Income – 134,41€
Well, that is only 25 pct of what a regular month should look like…!
This is due to 2 factors
1- an oversized elephant in my portfolio tat blocks most of my available capital. I missed the window of opportunity to close out the position as Iw as greedy. Yet again…! It learned me to close out some other positions. That means that I now am only slightly over invested in options.
2- Due to a curve ball in life, I decided to reduce my leverage to 0. For a brief moment i time, I even considered moving a big part of the portfolio to cash. One should only invest what he can miss the next 5-10 years. That became doubtful. I stay invested, yet decided to keep the leverage at 0. That means I need to close a lot more positions before I can invest in new positions
Due to point 1 and 2, I have not been able to start selling calls to have a more neutral portfolio. This will have to wait until capital frees up in my options portfolio.
My YTD results is not as it should be be. I am only at 6,32%. Way below my last years results of 13%… We know the reasons…
In the mean time, we enjoy a family holiday at the Belgian coast.