Purchased a debit spread on /CL futures as a hedge against possible war with Iran. Current beta weighted risk is 2.62 against the SPX. Overall theta on futures is 98.63. SPX beta weighted risk ~$18,022. All else being equal, this represents $2,958.90 every 30 days due to theta decay~7.8% monthly. Of note, beta weighted portfolio value is remains close to the current futures balance ($19,948.31). The attached graph shows the current stress test with losses beginning at /ES price of $6,875.25 (which appears to increase with volatility). It has a 5.03% chance of loss over the next 30 days.

No new trades this week. Current beta weighted risk is 2.92 against the SPX. Overall theta on futures is 90.67. SPX beta weighted risk ~$20,174. All else being equal, this represents $2,720.10 every 30 days due to theta decay-7.8% monthly. Of note, beta weighted portfolio value is remains close to the current futures balance ($22,336). The attached graph shows the current stress test with losses beginning at /ES price of $6,924.725 (which appears to increase with volatility). It has a 17.84% chance of loss over the next 30 days.

No new trades this week. Current beta weighted risk is 2.61 against the SPX. Overall theta on futures is 82.34. SPX beta weighted risk ~$17,842. All else being equal, this represents $2,470.20 every 30 days due to theta decay-13.8% monthly. Of note, beta weighted portfolio value is remains close to the current futures balance ($19,807). The attached graph shows the current stress test with losses beginning at /ES price of $6,652.25 (which appears to increase with volatility). It has a 8.41% chance of loss over the next 30 days.

Buy price $120.75

Back ratio with entry price in PAYC at ~$113/shr. Current beta weighted risk is 2.57 against the SPX. Overall theta on futures is 74.85. SPX beta weighted risk ~$17,816. All else being equal, this represents $2,245.50 every 30 days due to theta decay-12.6% monthly. Of note, beta weighted portfolio value is remains close to the current futures balance. The attached graph shows the current stress test with losses beginning at /ES price of $6,771.50 (which appears to increase with volatility). It has a 14.62% chance of loss over the next 30 days.