The result for last month’s trading was out. Down CHF136. This is a setback for me as I aim to make 2.5% consistently.
The reason for this underperformance is due to the aggressive strike level I have on the call. When the market turns, the call started to lost money and I did not get out soon. If I had not have such aggressive call level, I should be ok.
The other mistake made is to sell the call to increase the margin available, which is illogical if the market is in a strong up trend. The strike for the call I sold is too close.
Thirdly, part of the underperformance is due to FX, which should reverse if USD recovers, which I think is likely.
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