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What will our kids grow being? How could we tell what their greatest accomplishments will likely be? No one can possibly accurately tell, however they might be given every opportunity to grow. And one particular opportunities will be hard. They will be tough and definately will require a lots of ingenuity, compassion, heartbreak, longsuffering and work to cope with. But those include the situations that will ?grow? them probably the most. Children, because they grow, should go through increasing hard circumstances. Any adult can confirm this fact. Is there a thing that adults, parents and educators, can use to illustrate this?
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In conclusion, it is clear how the long position, with lower probability of profit, didn't work; the increase in IV didn't overcome the theta decay. The long Strangle (which costs essentially the most) had negative P&Ls for all the underlyings; the long IC had positive P&Ls for one more ETFs: GLD ($111) and EWW ($96); the others were negative. It will be beneficial to see what are the impact on P&L will be if the positions were managed (25 to 50 % profit exits) or shorter expirations (just like the Weekly) were used.
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