Trade update

The ZB iron condor is going well. The call side got taken off last week for a debit of "05 debit and the put side is worth around "6 (I have a order to buy it back for "05 as well). At this point in time, although I'm still long term bearish on the long bond, it would appear that bonds are now a proxy for the strength of the US economy and not so much the risk on/ risk off trade that we saw for much of the last 2 years. Thus a strong economy U.S relative to other countries is driving demand for the bonds and other U.S. assets whilst weakness sees selling. Relative to other economies the US looks the strongest which is why you are also seeing the USD holding firm.

The AAPL is also doing ok with the trade up around 6%. Here is the snapshot of the trade as it stands.

Overall I will hold onto this trade as I'm thinking any pullback in the general market in Feb will be good for this trade.