position up ~18% since April entry.
SSO is up about 18% since the original April entry, and the position is being maintained as part of sector diversification.
SSO has risen roughly 18% from the April starting point, and the trade is not being closed out. Sector diversification is used to smooth outcomes across different risk regimes, implying SSO is one component of that allocation rather than a near-term bet.
"Market internal are weakening, IPO's are pending, investors are hyped up!"