Indices ended the fifth up week in a roll. With couple down days at the end of this week I finally got some relief for my ITM bear calls. Bulls are still in control this week. They bought on the dips despite the daily lower lows and lower highs for the last two days. RUT caught up and just retested the August b/d point. It could lead the pack up or falling back at this critical point.
The week had a small, $1.2K profit with continued rolling ITM bear calls and collected $36K, 0.25% cash. I rolled all of my ITM bear calls out to next week till end of month. I am only using Tyle's system for my underwater rescues for now. I was able to reduces 3 of my calls (30% of IB portfolio) to deleverage in the last day of the week as it was barely out of the money.
My main task for next week is to deleveraging. Need to figure out my max call/put ratio on risk tolerant bases. My leverage level is twice (62) as much as my safety level and margin ratio is more than 3 times higher than what should be. I must be conservative on adding puts except to reduce margin on call side.
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