The party continues after yesterday's surge. Markets normally take a breath after a surge without any major event or news. ES/SPX surged to 2010, 2018 of the last high volume area. They are less than 1% to reach a new high while NQ already there. It looks like the trades want to see a new high way before year end.
I feel like a frog in warm water of a slow cooking pot. The heat is increasing on my holdings. My NLV is lower while leverage increased to 85. I didn't collect enough premium to buy an underwater call back to deleverage. I may end up doing it in the worst timing. I sold a put in SPX and a set puts in SPY to get some relief on the call side. The available fund is at 20K, vulnerable but better than yesterday. My ET positions are fixed Reg T margin but the spreads are harder to roll. I guess I will keep rollover and collect cash until I am OTM.
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