Indices continued to slide. SPX/ES couldn't lift itself up after a mid morning try. RUT went positive for awhile which I thought it was leading the pack up on this weekly options expiration day.
It had been a better experience in closing and rolling my expiring positions than last week. Most of my calls were closed with huge profit and recovered from last three weeks' rolls. I pretty much followed my plan. I notice my anxieties and took breaks to calm myself down. I calculate my profit targets and executed my order instead of wanting the best outcome which I won't have any control over.
My risk is on the puts side now. VIX is above 20 now. I have several naked puts left which I tried to buy cheap long puts to reduce my exposure. These far OTM puts are getting expensive as VIX is way up there. I had to pay $60 to buy a 1790 put while SPX is closing around 2020. That's a $230 distance. I sold some SPX and RUT calls but they didn't make a dent on margin.
No comments:
Post a Comment