This week I pulled the trigger on all my option side bets. Following the macro madness of the last weeks just took too much energy. I was well ahead until the rally started. Gave a lot of it back and noticed that I was wrong (for now) regarding the bearishness. The market sentiment and positioning was just way too one-sided, so every tiny bit of positive news flow fueled the rally and I gave back 2/3 of my option gains since Januar due to puts. I still think there will be some bearish fallout later in the year unless there is a FULL rewind of tariff policy but trading that thesis is just on my too hard pile. Mad respect for everyone on here which can follow through on macro trading in this regime.
Currently taking a step back and recalibrating. My P123 systems are 100% long ran through all of it the whole time and purring like a kitty, effortlessly. That's what I will focus on.