ES dropped overnight to last Friday's low and pushed up to the higher part of last Friday's range. A sell off came in around 2 pm. Bulls stepped in again near the low of the day. 2000 is the battle ground now. VIX is above 17. We may see a turnaround Tuesday to the down side. The risk of ECB announcement and US unemployment claim on Thursday may contain the market on both side.
The squeeze on call side continued on my holdings, especially for RUT. I bought couple of calls for this week to ease my margin pressure. There were other hedging calls didn't get filled. No new positions today.
Risk factors worsened due to the upside push. Net liq and margin ration is down to 26 again. leverage is up to 56. I will consider to close couple call positions and sell puts to compensate the loss tomorrow.
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