US indices made attempt to stay above yesterday's high but failed at closing. So far they stayed inside yesterday's bodies. Opex day could be wild tomorrow. We may see an retest of yesterday's range soon and hope it will hold. If not we will see mid of 1700 soon. VIX is still above 26.5. It's in backwardation with its futures. This is topical during market turmoils.
I rolled over my RUT puts and collected some premiums. But they are still in the money. I added more ratio long puts in SPY to protect my naked puts and added a small set SPY calls. My SPY delta is high at 1500. I will have to reduce my size in short puts. I have one more roll over of SPY tomorrow.
Risk factors improved a little. Buying power is up to 35%. It has 15% more to go. P/L is up $31K. Leverage is still high at 55. My size is still too big.
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