It was another gap down day. SPX and RUT retested Sept 1st lows which lined up with Fib 61.8%. Both of them bounced from there and rallied back to yesterday's low. The retest may not be over unless indices close above yesterday's high and hold it. I didn't look at the Fib levels until market closed. Otherwise it may be just another short lived snap back.
I sold some calls and call spreads today. My margin is back on the call side again. However, I was bit too early despite I thought there may be a snap back. I also tried to sell some puts but no fills. I should close more naked calls tomorrow to bring my available margin back to 100K. I have about 50% left and leverage is at 0.39.
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