22h • General discussion
📊 Position Management — April 6
Heading into a data-heavy week with CPI on Friday and today being Trump's original Iran deadline. Here's where the portfolio stands and what I'm thinking.
Current positions and status:
• MSTR — Short 145C, ~40 DTE. Collecting theta. Stock underwater but grinding cost basis down systematically.
• TSLA — Short 410C, ~40 DTE. Stock bounced hard off 350 support last Tuesday, confirming the level I identified. Still holding the deep ITM 415P — waiting for clarity this week.
• GOOG — Long 272.5P still in place. The decision to keep this last week and absorb the theta cost proved correct when Thursday gapped down. Still providing downside protection heading into CPI week.
• FCX — Rolled to 65C, 40 DTE. Bullish copper thesis. Watching whether the peace narrative re-emerges or escalation pressures copper.
• /CL — 76.5/76 put spread x2. Oil back above $110 but these strikes remain comfortable at $30+ below spot.
• /6A — Expired. Off the books. Learning captured: micro contracts (/M6A) solve the sizing problem for hedging smaller delta exposures.
Callouts that played out:
• /LE — Continues to rally. Didn't have a position but the read was correct.
• /GC — Gold showed strength mid-week before pulling back Thursday. Thesis intact.
• /BZ leading /CL lower — Brent led the mid-week pullback, /CL followed. Useful intermarket signal.
• /ES reversal off lows — Called the potential bottom early in the week, trend breaks confirmed.
My thesis heading into this week:
I remain cautiously bullish. I believe the escalation rhetoric is negotiating posture, not a genuine intent to prolong conflict. Thursday's intraday recovery — 600 point drop to flat on a single headline — tells me the market wants to rally but is being held back by headline uncertainty.
I could be wrong. That's why the GOOG put stays on, and position sizes remain conservative.
The week's defining moment is Friday's CPI. If core inflation is contained, the market can look through the energy shock. If it's hot, expect another leg down.
The Iran situation remains equally critical — any de-escalation signal could trigger the same kind of snap rally we saw last Tuesday.
💡 Key insight: Tracking callouts that work — even when you're not in the trade — is how you build conviction for next time. I didn't trade /LE, but I called it. That pattern recognition is bankable. The micro futures learning (/M6A) gives me a tool to size into similar setups in the future without oversizing. Every week teaches you something if you're paying attention.
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📊 Position Management — April 6
