June Expiration

A couple of trades planned for today

Today’s the regular June 2025 expiration, and we’ve got a couple of short-term positions that we can either roll to July/August or let expire.

Based on the updated P&L for the 1-year setups as of June 18th, our return since the Substack’s inception stands at +7.07% (in USD), beating the indexes by a nice margin with notably lower volatility and absolute capital at risk.

As a reminder, we update the P&L for the 1-year setups at the end of each quarter.

Let’s take a closer look at what we’ll be doing next.