After the long weekend of MLK, futures rallied overnight for about 1.5%. During the RTH sellers are pretty much in control following the fall of CL. SPX's September low of 1870 were retested to day and held so far. Nest will be last August low of 1812. RUT already went below 2014 October's low of 1038. It closed another 1% down at 995. I have several puts deep ITM now.
I tried to sell more calls today. I didn't expect the sellers pressing gas all day long. So most of my orders didn't get fill. I only sold 1 set of SPY calls and 1 ES call. These replaced couple closed calls. Margin is still on call side.
Risk picture is not looking very good without much improvement. Leverage is back above 50. Net liq is slightly lower at 174K. VAR and ES are at 70 and 80K range. The only figure improved is available fund which went above 60K. I may not be able to stand for another 5% drop with current positions. I will have to deleverage more tomorrow.
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