Google, Amazon and MSFT earning report pushed the market up 15 points after hour yesterday. Overnight China Central Bank lowered its rate and reserve requirement. Market had another steroid shot and popped again. My 2040/70 spreads were fully in the money by the open. I followed my plan mostly today. The only mistake I made was that I didn't close my 2040/70 expiring position right after I opened next week's replacement. SPX/ES kept pushing up after initial pull back. My target orders never get filled and will get assigned at a full loss. A mistake cost me $2100 (3000-2320x3, plus commission. I rolled IB positions earlier and collected some premiums. I don't know if I will be able to recover the losses next week. I will continue to roll and collect premiums using Tyler's strategy.
My risk parameters were irroting quickly as I am heavy in call side. Available funds were barely above $20K after I bought more long calls to reduce the margin and leverage is back to 50. I have to deleverage again if we open up on Sunday night.
It's been a frustrating week. I will review the market and my activities on weekly review tomorrow.
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