🌍 MACRO DIGEST — February Update Key portfolio adjustments and market insights from recent trading activity: 1. Put options cleanup — Majority of written put options across names like NVO, Sofi, As

🌍 MACRO DIGEST — February Update

Key portfolio adjustments and market insights from recent trading activity:

1. Put options cleanup — Majority of written put options across names like NVO, Sofi, Aspire, Oscr, and Vici were successfully closed, reducing margin requirements. Currently, only put options on BMNR, PayPal, and Zetu remain active.

2. Partial sell-off in PayPal — Half of the PayPal position was sold at a loss due to concerns over recent CEO departure, disappointing guidance, and underwhelming 1% growth in the competitive branded checkout segment. Despite valuation challenges, the stock remains held at high strikes for possible recovery.

3. Complete exit from NVO — Position fully closed via covered calls at $57.50, with no immediate plans to re-enter until the price approaches around $45, reflecting a revised outlook.

Portfolio performance stands near -1% YTD after recent declines in NVO, PayPal, and Adobe, slightly underperforming the index. The focus remains on selective buying at attractive valuations, particularly monitoring names like Adobe, Mastercard, S&P Global, and Booking Holdings, while staying open to opportunities in tech.

👁️ Watch soon: Updates on Sofi put option position and any attractive entry points in target names.

Source: MarketSurfer