Finance

Not too much going on for me real life money wise, which is how I like it, although I forgot to mention an account in my last post. I have a cash management account that holds what I hope to one day be enough money for the down payment on a house. Right now it is just set up with most of the balance to automatically roll into a short term brokered CD, and with some money set aside such that, given how banking has been lately, if my main bank had trouble right when all my bills came due I wouldn't be completely screwed.

For my little real money fun investing account, the only notable development is that MHO is getting pretty close to reaching 100% gain. If it does, I intend to sell half the position to get out what I put in, reallocate that, and let the remainder ride to see what happens.

For my paper trading account, I took some of my own advice from last week and closed the position I had on F. I have also changed my approach to the volatility trades that I had been doing with the SPX iron condors. Volatility is low right now, so long term I would expect there to be more volatility at some point in the future. With that in mind, I decided to try a strangle strategy using LEAP options. This should minimize my exposure to theta while allowing me to profit whether the future volatility is upwards or downwards. For position sizing reasons, this is no longer held on SPX, but instead SPY.