Normally couple days before FOMC markets go through large swings to explore directions, we call it clearing deck. As of today it hasn't happened. Yes, the expectation of rate change is very low. Maybe the market has no fear of it. The big guys are either sucking in more buyers or ready to take the market higher. We will see their true intentions in next couple days.
I closed couple RUT bear calls and sold a 8x put spreads for Dec 1. I don't have any room to deleverage SPX calls. I have only 6 put spreads in the next 2 weeks but IB is showing that I have to pay over $2 exposure fees. There are 17 sets of put spreads in RUT. 6 of them will expire this week.
My risk levels are still higher than expected. Leverage is at 0.47 and margin ratio is barely at 30%. I placed some orders for tomorrow to bring them down.
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