Sunday night's lower open in futures lifted by Asian and European markets. Shanghai and DAX both closed up around 2%. ES gaped up and finally tested above 1940, Feb's high. It gave back later in the season. Now the question is that are we going to fall from here or follow through. It's a battle zone here near 50 SMA. Either side won't give up so easy.
I had more positions closed on both side today. Tried sell some calls but no fills. I am more patient now and rather wait for the price come to me. It's fine if I don't get to trade on a particular strike date.
Risk factors are inline now. Net liq is back to 200K for the first time since last Oct. Margin ratio is slightly above 50% and leverage below 35. I am ready to add few more positions on either directions. Margin is still on the call side for now.
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