Index future gaped down Sunday night following Friday's sell off at closing. European session made a recovery back to Friday's lower range. US RTH couldn't break its overnight high after tested o/n low. Today's push down met with buyers a hour before closing. The down turn may not be over yet but didn't happen today. The bears may be just taking a breath.
The break gave me a chance to sell some calls and reduce some margins. I closed a ES put and bought puts in SPY and RUT. Risk parameters improved but need more work. I am too heavy on SPY. I will buy puts to hedge and close any position at B/E.
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