Since early February 2021 the stock market rallied strongly as investors were repricing the market for a post-COVID reopening. When the market goes straight up, it forces this non-directional strategy into adjustment mode where we’ll need to aggressively slide our trades upward until the market runs out of steam and starts to trade more range bound. The market is finally slowing down and most of our trades are now working nicely. As of mid-June we are sitting on a +15% gain for June, so we are getting back to work in bringing in premium each month. This strategy should be able to book +7% to +10% gains per month over the next two to four months as the market is now trading more range bound and choppy, which is highly optimum for selling credit spreads and iron condors.