The world market fall again with Shanghai Exchange down more than 7% in the first a half hour trading and triggered its circuit breaker for the 2nd time in a week. US market tried to recover from overnight losses but failed near low of the day at closing. All major indices are down more than 2%.
My lessons from August saved me so far this time. I wasn't trying hard enough to reduce my margin since I missed the morning push up. I still have 42% buying power left after I added a RUT put CS and ES put. I initiated CS in my personal accounts today. Get to prepare for another leg down or a bottom testing.
My plan for tomorrow is to reduce margin and roll my SPY 199 puts which is ITM. I will buy some puts to make my naked positions CS if I can't reduce my short puts.
No comments:
Post a Comment