Tuesday, March 1, 2016

Back on 50 SMA 2-25-16

SPX/ES struggled most of the day below its 50 SMA. It finally broke it in the last hour of trading. It closed above the 50 SMA for the first time in 2016. This is a battle area. It could go down from here as well. RUT still has some ways to go. It hasn't crossed Feb's high and closed below 50 SMA.

There were total 9 trades today across my accounts. Sold some call spreads and closed some puts. I am heavy on bear call side right now. I should have some calls closed by tomorrow. I will try to roll down some ITM puts if we get a pull back tomorrow. I must check the trading schedule for 2/29 expiration day. Don't want to be caught by any surprises.

My available margin seams decrease every morning except options expiration days. IB account is down to 40% now. Leverage stays at 34. VAS and ES are higher due to today's pop.

No comments: