As expected Fed didn't raise interest rate. Market initially sold off detecting slight hawkish tone in Fed's statement. Buyers stepped in when ES/SPX retraced to near yesterday's low. Bulls gradually pushed all indices to day's high. SPX/ES closed right at August's breaking down point. It looks like 2100 is the next target. My worst case scenario is the reality now. All of my calls are ITM or underwater. The next two expiration days are going to be struggle for me.
I sold couple SPY puts to fund rollovers and reduce margin. I had to buy some Nov 3 far OTM calls to fend of the naked bear calls. There are less puts than calls over all after taking profit with some puts. I must close my RUT this week's calls in ET to raise margin and prepare for Friday's rollover. This last two month has been tough. However I have learned some ways to deal with it. I must remain calm and confident to get though this tough period.
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