I’m up against my position limits. Plus on a mark to market basis given the positive P/L, I’m subject to giving back well more than my 10% worst-case loss I like to cap my risk at. So I’m likely to trim various positions. As I don’t have any change in outlook on any of the markets I have risk on it will probably be accomplished with rolls up on call spreads taking p/l off the table first. If you have a few of my trades and not all don’t necessarily follow me on them because the trades are more about my portfolio construction than my view.
for instance, I still intend to roll up my April 26260 NKY call to 17250 or 17500. My guess is I will also roll the NDX spread up and possibly even the SPX 4400 calls. As for USD ill jump the Yen above 120 completely and the EUR is sized fine. Bond trades are small and I am building on dips. Buying tens and 30’s. The EDZ2 is set the oil trade comes off below 15 backwardation.