Another overnight gap down with global sell off. CL was the leading factor again. ES/SPX attempted pushing up right off of gate then failed. An over 3% drop was scary in the early session. ES/SPX went down to test 1810 area of Oct. 2014 low. Then buyers stepped in. RUT was a tell for today's reversal. It didn't drop as much as its peers and led to a green day at closing.
I managed to weather the storm for today. At the height of the selling off my available fund was less than $40K and leverage over 70. I bought put spreads in ES and SPY to hedge my naked puts while sold smaller number of puts to finance them.
Risk factors increased from yesterday but was better than mid of the day. I will reduce my positions or put on more hedge after tomorrow's RUT rollover.
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