Indices cleaned upper side of current range this AM. Then they quietly waited for FOMC announcement at before 2pm. Fed didn't raise the rate as expected. People were reading tea leaves of the words in Fed's statement. Fed seamed not paying much attentions to the current market volatility in the US. Market tried to go up then failed to hold yesterday's lows. So far the inverse HS pattern still hold. VIX spread is very small. The bottom of 1-20 looks fine fore now.
I followed my plan to deleverage my positions today. I closed some calls and puts in ES, SPX and SPY. Several of my protective 1:2 credit spreads got filled after 2pm. I didn't exam them after the announcement. I was busy paper trading ES to get the excitements and got slapped up and down. I need to recognize my emotions during the big market swings and remind myself to stay calm.
Risk factors look much better now. Available fund is up to $89K, near 48% of net liq. VAR and ES are down $13K. But leverage is up to 44. I suspect the protective CS are adding leverage numbers since they increased my positions. Margin is switched to the puts side now due to today's thrust down ticks and closed call positions.
No comments:
Post a Comment