ES/SPX traded in side way again into this Thanksgiving week. ES has been trading around 2084, the CVPOC. We may see another attempt up then short term traders may take chips off table before Thanksgiving break. I closed 2130 this week's bear call and 1130 RUT puts. No other orders were filled due to the small range and low VIX. My goal is to continue reducing my positions before my trip to China. I plan the roll the rest of ITM positions to January monthly exp so I will hand them when I came back. I plan to switch my SPX ITM to ES. According to some people it's better use of margin. I need to do some comparison tomorrow.
Risk improved to a relatively comfortable level today. Net liq/margin ratio is above 50% and leverage is at 33.
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