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Was travelling the last couple of weeks so fell behind on the updates.
Made a mistake and sold the wrong call on the 24th of Feb. Should have been one week later but instead sold only 4 days out. That meant I was assigned at 4320 and the long futures contract was closed. Not sure it would have made much a difference now since MES is falling again.
With the increased volatility, managed to get a good credit 1 SD out.
So far, the 2 main drawbacks of this strategy are
- the increased risk in trading futures and
- not being able to sell calls for a decent credit, far enough from the current price. If price does go higher, you get assigned at a price below the cost price of the trade