Last Friday was Option Expiration day and it is time to review the movements done following our strategy.
|IBEX 35 on April 17th 2020. Source Investing|
As I commented last month, the opening of new short positions was forbidden (and it keeps that way) by the CNMV (Spanish market regulator) so I could not perform the usual PUT selling. Instead, in order to keep the same exposure level, I bought a contract of the IBEX 35 future (which is the underlying asset of the PUT option) at 6110 points and sold it last Friday at 6940 points, booking a gain of 822,8€.
Considering all this, since its inception, the strategy is at -24%. During the same period, the IBEX 35 lost -27,9%.