US market started as a good day following overnight higher than yesterday's high. The first couple of hourly red candles weren't alarming as they were still within yesterday's range. It appeared the crude oil price is the main driving force of the market these days. Crude inventory report pushed CL price down again near $30. ES was in selling mode without a single green hourly bar. It closed down 2.5% with a bearish engulfing bar and bear flag formation. It doesn't look very good for tomorrow. RUT lost 3.3% and closed below 2014's low.
My net liq was reduced with today's sell off. I had to close some ES, SPY and SPX calls to raise my margin. It made my margin to the put side again. I sold one set of Feb 5 SPX CS and re-entered SPY Feb 3 160 puts which I should't have done. Luckily the SPX 1880 CS puts in ET was closed B/E this morning. It saved me to rollover tomorrow. Risk parameters are a mixed picture. Buying power is up but leverage went up too.
I have to rollover my SPX and RUT ITM puts as it's the last trading day for them. I will deal with SPY on Friday and try to reduce my put size.
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