This is the 2nd day that I missed my morning planing.
Indices had a decent push up early morning but bears are in control early high failed. It was a tug war until yesterday's low broke in early afternoon.
I struggled to sell calls kept hoping a decent pull back. I finally sold a set of SPY calls and along with a SPX bear call earlier to make my margin to the call side. I need to reduce my positions in puts soon. SPX's initial retest of August low may result a bounce which I may be able to use to unload some of my puts. I am not sure if it will hold ultimately on the 2nd try. I need to prepare for the worst case scenario. I still have puts at 1800 whereas Keith has nothing above 1700.
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