ETF THURSDAY & Friday
Part 1 (Thursday meeeting)
part 2 (coming soon)
This week we managed the U.S. side of the portfolio. We did encounter forced liquidations ( which you will see in part 1 ) We were forced to fully liduitate KRE and KBE on a six month RS trend break. We're fairly certain the trend will recover but you have to stick to your rules! We also liquidated half of our position in XHB as 3 months returns fell below our benchmark, the ACWI.
Lastly, in our part 2 video, we manage the delta neutral portion if this portfolio. We were able to take 1 strangle off the board for slightly better than a wash and add a new Feb position. We also were forced to manage two other strangers which the call side has been challenged. Watch part 2 if you'd like to see how we manage out delta neutral strategy.