Market continued to melt up after a brief pull back. ES/SPX closed above Sept FOMC high. RUT is behind the rest of the indices but may test Sept high soon. The snap back is pretty strong and late shorts have been squeezed.
My week ended with profit of $2.9K, a 0.18% return on portfolio. It was about $1k less than last week with couple of losses on call side. My margin is still on the call side most of time. The deleveraging plan has not progress well. My goal is to keep leverage below 3 and margin cushion around 50%. I plan to achieve the goal by end of next week.
The straddle paper trade is in progress and no result yet. My earlier entries were not rule based and didn't have tracking data. I made a tracking sheet this week and will work on the straddle strategy seriously.
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