Put in a stop order to sell my entire SH position (1173 shares) at $44.90 which will be $4,055.55 before commission.
SH is currently at 46.91 but I want to lock in at least $4,000.
The next buy will occur if SPY hits $105 at which point I will begin buying SSO since it’s cheaper per share and double weighted which means I can get the same dollar movement for less of an investment than it would take me with SPY.
10/3:
SPY -$77,577.00
hedge $7,339.95
Net for this trade:
-$70,237.05 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
————————
-$61,390.11