Indices took a breath from yesterday's surge. ES took out both high and low of overnight range. It was in an exploring mode to discover directions or clear deck for tomorrow's FOMC Minutes at 2pm. ES/SPX closed in mid of current range which can go either way. On the other hand, RUT gave back all of its gain from yesterday. It closed at lower range of B band and CHVA with a HS pattern.
There were five trades today. Only one of my orders, RUT 1190 call were filled before closing. The other four orders were long calls in SPY and RUT to cover naked calls since my margin was shifted to the call side this morning.
Risk conditions improved. Available funds are at $47K. leverage stayed at 31. Percentage wise the margin is still at 25% of my net liq. It's far off my target of 50%. I hope to get much better numbers with expiration of this Friday.
I will try to take out more positions on both side tomorrow. We may see a bigger swing after the release of FOMC Minutes. I will set 25-50 profit targets for these near money positions.
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