It was a range day of the lower part of yesterday. ES/SPX pulled back to 50% RT from last Friday's high. It's either a 50-62% retrace before the next leg or end of Fed day reaction from last Wednesday. SPX and RUT are back into the last CHVA. It could set up a back to go higher. We will see in the next couple of days.
I closed couple of puts for this week as planned. The action didn't reduce much of my leverage and switched margin to the call side again. My risk measures are still high. Leverage is at 47 and available fund is below 30% of net liq. I may consider to switch to ES for any of January contracts. It require less margin and can be traded around clock. I have to find the differences of SPAN and Portfolio margin. Some people in the chat room said SPAN is actually better.
No comments:
Post a Comment