Market took a breath today. SPX/ES traded in the higher part of yesterday's range. All majors closed down slightly. Market appears in a waiting mode for earnings and FOMC minute this Thursday.
I didn't add any new positions on either side. I only rolled up some puts to collect more premiums. Get to watch out risk. The last sell off was started after August FOMC minutes. My risk perimeters are not low enough. VAR is still over 6oK and initial margin is still 3/4 of my net liq. I should keep it at 1/2 or lower. This will be my work tomorrow.
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