Current beta weighted risk is 3.1 against the SPX. Overall theta on S&P futures is 140. SPX beta weighted risk ~$23,938. All else being equal, this represents $4,200 every 30 days due to theta decay ~17.5% monthly. Beta weighted portfolio value is about 2/3rds of the futures balance ($34,174). The attached graph shows the current stress test with losses beginning if /ES price is outside $6,564 and $8,767 by 10/17/2026. Readers can see the major positions held by my account in the classroom section under trading journal.

Current beta weighted risk is 7.4 against the SPX. Overall theta on S&P futures is 130. SPX beta weighted risk ~$57,298. All else being equal, this represents $3,900 every 30 days due to theta decay ~6.8% monthly. Beta weighted portfolio value is over 2x the futures balance ($33,083). The attached graph shows the current stress test with losses beginning if /ES price is outside $7,048 and $8,600 by 10/17/2026. The recent drop is due to the MGM-PEOPLE INC news this week that goes agianst what I anticipated would happen. I still see MGM being worth something like $47/share and I will continue to monitor this position. Readers can see the major positions held by my account in the classroom section under trading journal.

Current beta weighted risk is 7.9 against the SPX. Overall theta on S&P futures is 123. SPX beta weighted risk ~$60,435. All else being equal, this represents $3,690 every 30 days due to theta decay ~6.1% monthly. Beta weighted portfolio value is over 2x the futures balance ($30,088). The attached graph shows the current stress test with losses beginning if /ES price is outside $6,623 and $8,453 by 10/17/2026. Readers can see the major positions held by my account in the classroom section under trading journal.

Current beta weighted risk is 7.6 against the SPX. Overall theta on S&P futures is 99. SPX beta weighted risk ~$58,193. All else being equal, this represents $2,970 every 30 days due to theta decay ~5.1% monthly. Beta weighted portfolio value is over 2x the futures balance ($27,029). The attached graph shows the current stress test with losses beginning if /ES price is outside $6,099 and $8,590 by 10/17/2026. Readers can see the major positions held by my account in the classroom section under trading journal.