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We were also at all-time highs in mid-November...100 points ago. Just trying to understand others' views. There's nothing more that I would like than a pullback from here.

Why did you get out here? Trend itself shows no sign of dissipating. Or do you think there's resistance here?

Personal: Bought back the AXP Feb17 77.5 straddle for $2.65.

I express my views of an underlying's direction and volatility. I'm technical on the direction side and use my own model for volatility. I continuously refine both of these.

You do realize that my last statement was a tongue-in-cheek comment. Yes, this portfolio is short these stocks, but GOOGL is my second largest holding in my overall portfolio. Yes, I'm selling disaster insurance, but will it be disastrous for me? No. The notional exposure to the downside is...

A few trades this afternoon. Corporate: sold IWM Feb17 132 puts x 4 for $1.70 which are covered by the short TF sold TSLA Feb3 245/250 strangle x 2 for $9.00 legged out of short side of Jan27 2265p/Feb17 2270p x 8 for $10.00 will sell long Feb 17 2270p x 7 tomorrow, so I'm looking for a weak...

I also don't like the term managing the risk of [blank]...I think you enter into a position and have to accept the risk of something. You can mitigate the risk by decreasing opportunity which is a continuous give and take. But once the risk is realized, there's not really much you can do about...

In general, I'm more worried about the markets going up with this portfolio, which is kind of silly since my core portfolio more than makes up for it and my net worth has actually increased (eg. post-election rally). But for some reason psychologically, the move up hurts.

By being short deltas. I realize that gets me only so far. We'd have to see a gap down of >6% (taking into account vol pop) to start hurting. Anything less will generally be profitable. I will also adjust deltas using underlying as the b/a of the options will be too large to get a decent...

Made some minor adjustments this morning. Personal: rolled ES puts sold ES Feb17 2240 puts x 2 for $17.75 bought ES Jan27 2250 puts x 2 for $7.00 remain at a ratio of 4 short ES vs. 6 short puts sold QQQ Feb17 122 puts x 5 for $1.17 Corporate: sold ES Feb17 2240 puts x 2 for $19.00 now at...

Keep what simple?

Hedging cash flows and hedging the fair value of assets (particularly assets with unknown future fair value) are two very different things with the latter being much more difficult. You can die a slow death trying to hedge the notional of your foreign investment. Assuming you actually have...

True. I guess I'm thinking relative to a benchmark. A more conservative bar (portfolio w/ beta < 1) with an aggressive end (this portfolio).

For the sake of thread credibility--I dunno...call it $1.1 million (but CAD)? However, I have no intention of calling in the reinforcements. I just find things a little expensive to buy in the core portfolio which is why I'm looking for a little pullback.

Current positions: PERSONAL: short 4 ES, short 6 puts of varying strike and expiry short 1 NQ short 2 TF, short 6 IWM puts short FB Jan27 125 straddle x 3 short AXP Feb17 77.5 straddle x 5 CORPORATE: short 6 ES, short 7 puts of varying strike and expiry long diagonal (long Feb17 2270p...

But do you still have access to your account?

I've ignored cash and income. Cash represents about 15% of liquid assets. After tax- annual income currently represents ~20% of liquid assets (with a savings rate of 80-90%). I have a small portion of my portfolio in a bond fund which will remain a tiny part of my portfolio for the...

^ You might be jumping to conclusions as the OP hasn't provided enough information. OP provides the current allocation, but not the original allocation from two years ago. OP may also have a large DB pension plan which could be a proxy for a fixed-income component of one's portfolio.

What happens if you lose your phone or wallet which contains the card? I'm more comfortable with the old fashioned printed code card. I have a photocopy of the card by my desk which makes it hassle free.

^ There's no reason to hold out one more day with these funds as there are better ways to maintain exposure to the markets. These funds have MERs between 2-3%! To put it into context, for every day you wait, you're throwing away $100k x 2.5% / 365 = $6.85