Thursday, November 5, 2015

A Sigh of Relief 11-4-15

Indices pulled back a little today on Yellen's testify in Congress regarding possible interest rate hike. SPX was down 7.5, resting on top of CHVA. It's either basing for a new high or further down a bit before the job report on Friday.

I sold couple wide spreads in SPX and RUT puts to improve my Delta and cash also formed IC in ET, ETP account.  I still have not figured out a way to deleverage my calls except switching margin to put side by adding puts. A possible way out is if my SPX 2100 would be OTM or close to b/o on Friday.

I plan to work on ET's roll over tomorrow. I will call the support first to see my margin options first.

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