Bulls are still in control. Indices gaped up this morning again. Gaps were closed after briefly in negative territory bulls took over again. SPX and RUT closed above yesterday's highs. It appears that the big money is positioning for tomorrow's jobless claim and Fed minutes. It could go either way after the two events tomorrow. We have had 5 out of 6 up days since the double bottom test.
I didn't get much deleverage done today. Closed one more RUT bear call and rolled up a SPX bear call from Oct 3 to Oct 5. My initial margin is still too high relative to my net liq. Leverage is at 0.38 which should be below 0.3. I need to place some exit orders in the morning since I have a doctor's appointment and CT scan in the afternoon. It will take the entire afternoon out.
I continue to study straddles as a possible trading tool. DTR Trading has published some studies I find very helpful. The paper trades I placed late last week have not yield any profit since the market has been up most of time.
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