This is the sequel to:
Birth Of A New ThumbTack Fund: GFH Fund
My luck couldn’t be any worse.
I entered into 5 long positions for the portfolio, selling put options on AVGO, V, CTL and JNJ. I’ve also sold calls on VXX (it’s a long position cos I’m indirectly shorting volatility).
Total premiums: USD 2,557.99
4 of these were entered on Wed night / Thurs early morning… which was just 1 day before the carnage as the US markets dropped heavily in the Thursday and Friday sessions. Presumably cos of the hike in bond yields.
Gosh. How irritating can it get. Just 1 day difference would mean a few grand USD more.
In the longer term, it probably doesn’t quite matter so much, but it is a bit irritating right now.
I kept the SGD as SGD in ThumbTack Fund, believing that the current USD strength would ......