Last night Bank of Japan set its interest rate below 0 sparked a rally in indices futures. When I glanced European markets this morning it didn't seam to be very strong. The US market even pulled back some before open. My plan was to sell some calls since my margin just went to put side yesterday. The target for ES/SPX was 1915-1920. I didn't expect a strong push after the first hour of RT.
I closed my SPY 191 puts expiring today without holding to my planed time and target. Although it was a winner but I let emotions take over and raise my exit price from 31 to 39 and got out around 11am. My plan was to let it work until 1:30. I didn't look at the overall context and big picture. I was afraid of the price fall back when it broke o/n high and retraced. The push up started after lunch. I placed call spreads in almost every week up to March 3. My order started getting filled after 2pm. Instead of evaluating the price actions and possible new target I kept looking for more selling opportunities. I had total of 26 orders filled in all of my account. I finally placed three protective CS before closing to bring my buying power up.
Risk factors improved. Net liq/A fund ratio is back to 52.8%. I collected about $2.8K premiums. However leverage is still at 40. I will review this week and the month tomorrow.
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