April Review

April return: 9.8%

This is a tough month. The market keeps moving up with no
meaningful pullback. In this market condition, keeping a delta
neutral position is hard.

Fortunately, up-market does not generate fear as down-market.
delta loss in up market is usually compensated by vega gains.
Although this month's gain is not enough to fully recover last
month's loss, the final result is definitely good, considering this
month's one-direction market.

Keep it up...

:-)