COVER XLF Short (via $38, 2/11 puts)

Covering XLF short via $38, 2/11 puts for $0.84

Realized gain of $0.22 (35.48%)

I threw on a stop loss order this mornings for the position and it got hit on this mid-day rally. I planned to close the position ahead of the weekend anyhow given the time premium that burns off over 2 non-trading days.

This was a fairly small position (0.31% of capital) though had huge leverage given the strike price.

35.48% x 0.31% = 11bps of gain for the portfolio. Not bad!