Futures moved up about 1% overnight after European opened. SPX/ES stayed above Wednesday's high until 2pm on this weekly expiration Friday. RUT was weaker and led the sell off much earlier. ES not only closed the overnight gap and tested 1910 again. RUT broke yesterday's low and closed below it. It looks like RUT will test Fib 78.6% around 1100 and August low could be the next. SPX may follow the suit.
I was able to close some puts during the morning push up and sold some call spreads. I also sold one set of Oct 5, RUT 5X put spread. A new idea from Tyler which he uses much wider spread. I am just experimenting and observing the effect of it. During the sell off my margin turned over to the puts side. The last naked SPX bear call turned it around before closing. My Leverage stayed at 0.38, available funds went down to $72K, VAR and ES reduced few thousand $ to $52K and 60K. I am still not very clear how these numbers interact. I am watching them closely though.
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