The expired futures contract is responsible for the N/A in the daily total column. Covering the short removed about $700 M out of the total P/L Open column on the left. S+P ended at 2000 and change. A half hour after close, ES Futures are around 1985. Here is the total line:
Fri June 24, 2016: They voted for a Brexit. I kept my short bias intact luckily, but have lost the quotes like last winter. Maybe they will come back. I am still stuck on the short side because it will not let me cover it now, but that may change. It just started to do that this morning.
Mon, June 20, 2016 - There was no gain this quarter, showing as of the pre open, and before exercising options 72 hours after expiration. That in itself was quite a feat not to lose anything versus other hedges. Overall weight to this point was a short bias.
After the Monday close, there was a large upswing in the market to 2076 S+P Futures, while the negative bias remains. It gave back much of the market gains at the close.
It may give back over the summer. I would have to add several biliion in longs to put it in balance again. Historically, that worked, but now the volatility premium isn't high enough. After a market correction is when I would be poised to balance again. The inflated Fed party is likely over.
