Market took a breath after three day of 3.5%+ bounce. SPX touched Fib 38% yesterday on weekly and the pause is expected. RUT still has some way to get to that level. It looks like a IHS forming on both SPX and RUT daily after the double bottom retest last week. Many pros still hold bearish view for the market. But Mr. Market tend to fool most people.
I spent most of my day rolling my RUT positions of this week. The deep ITM 1070 puts in ET were very hard to roll. I had to split the three positions into two orders in different expiration dates. I may have to give back some premiums at end of this month to bring down 1070 strikes. There are total nine orders today. I closed more call side and rolled over puts.
Risk factors improved except the available fund is down due to expiration. I collected over 1K premium including ET.
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