Finally we saw a positive week for 2016. Indices rallied after retest the low of Oct, 2015. VIX closed below 25 on Friday after 4 days above it. The backwardation between VIX and VIX futures is almost diminished. We may get into a quiet period if the FOMC doesn't drop a bomb next week.
I booked $4400 loss for this week with several ITM puts in SPY and RUT rolled over to the next few weeks. I collected over $2K cash for the week. I wasn't panicking with plan of Tyler style rollover when positions get ITM. Keep positions small has saved me so far for this down turn from margin call although it wasn't small enough. I will continue to work on sizing. I am considering to trade CS in SPX and RUT puts with naked calls. ES has advantage of smaller margin and overnight trading but it's hard to make CS in a meaningful way or maybe.
Risk control through sizing and trading location are still the key and skill I have to continue to learn. Never forget that I was almost kick out of the game in August of 2015. Can't let it even near me again.
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