The SPX bear flag played out early with a new low. It hit the trend line from 2014 low and quickly bounced. It gained over 2% before gave back some. It's still an impressive over 1.6% run for both SYX and RUT. This may be not the final bottom. The daily and weekly charts are still bearish. Volatility is still above 20 with a bull flag pattern. It helped me to adjust some of my positions and recovered some unrealized losses.
I rolled RUT 1060 CS in ET with Tyler's style. I collected some cash while waiting for the market to turn around. I had to roll RUT 1060 and 1030 naked puts in IB as well. I closed SPY Feb 3, 160 puts to reduce my puts.
I will roll my SPY 193, 192 puts tomorrow. These ITM positions were part of my rusty trade at the year end. My plan is to close out more puts. I need to use the break to get my risk control back to normal.
No comments:
Post a Comment