So, our convicted felon did it once again. Americans didn’t learn their lesson in 2018 and they need to re-live the shit show once again. Today (Sunday, February 2nd, 2025) the furues opened down -1.85% on trade wars fear as I was afraid it would happen. On Friday, I finished trading with the following position:
 

 

After the futures opened, this position was deep in the money. The price smashed through all my strikes. I hoped, I could close the position as is and be done with it. I hoped the extra long puts would I added on Friday would help to offset losses of the short puts. But it was not the case. Closing the trade would still be a debit trade. And that I didn’t like at all. Also, closing the trades would require additional buying power which I didn’t have! Thank you convicted felon for f-ing it all up!

 

 

So, I decided to do a series of adjustments and rolls to eliminate the trades with minimal losses. I must admit, it ended up a successful operation. I did multiple closures and two rolls and I was able to get rid of those trades and make money, although, I cannot claim the cash as of yet.

Here is a list of the trades I took and list of contracts as I was unwinding the trade:
 

 

I ended up reducing contracts from 16 to 3. The 3 contracts are those I rolled, the remaining ones were closed for additional profit.
 

 

I am not happy with the overall outcome as it is throwing a wrench into my plans despite making money. This is still adding stress to my buying power which is still extremely low (due to my last year’s overtrading). And that’s why I am not happy with the outcome. I hoped to keep unwinding the trades, not fucking with them around because we have a idiot in White House. But it is what it is. We cannot do anything about it. The markets rarely do what we want them to do. All we can do (as Mr. Garfield, played by Danny DeVito, said it in Other People’s Money) is to adapt. So let’s keep adapting.