It was the first over -0.5% down day of the last 10 trading days for SPX. RUT shed almost 2%. Based on the closing at near low of the day we may see a follow through to the end of the week. There are talks of rate hike in April. This is a factor must keep in mind. Vol could increase a lot.
The pull back was a much needed relief for my bear calls. My net liq increased over $10K. Several of my bear call exit targets were filled. I was able to add couple hedging calls to reduce margin as well. None of my bull put spreads get filled. I hope to fill in some empty spots for late April and May in next couple of days.
Risk factors much improved with today drop. Margin ratio is above 40% and net liq is above $200K. Now I need to watch out for my put side. I will buy some puts to make CS for my naked positions tomorrow.
No comments:
Post a Comment