Thursday, February 11, 2016

A New Low Of The Year 2/11/16

Futures continued going down after closing. European market dragged it further. ES made a new low of the year at 1805. It bounced from there but didn't make a strong reversal like in January. Gap remained open above. The globe market is in turmoil.

I had to roll over RUT 950 puts out to next week since it was in and out of money all day. I collected some nice premiums though. I also rolled SPY 197 puts to March 3 because it is deep in the money. There was no near by contracts could give me any extra premiums.

Leverage remains about the same as yesterday despite three closed call positions and rollovers. I will continue to deleverage.

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