Wednesday, March 30, 2016

Follow Through 3-30-16

Indices gaped up after yesterday's surge. SPX/ES left the gap open at closing while RUT was able to close its gap. Overall it's a resting day. Tomorrow is the end of month. We may see some wild movements. We may see a pull back to the "seen of crime" tomorrow.

There are five trade today. I rolled 3/31 SPX 2060 call to 4/1 2060 plus a 1960 put. It pulled in $280 premium. I intend to scalp it since 2060 got pushed in the money. I will have to roll it again if SPX stays above 2060 by the day after tomorrow. Couple of the put targets got hit today. I have 2 SPY 2080 and 2090 near the money to deal with tomorrow. Then several of ITM RUT and near the money SPX to deal with on Friday, the day after tomorrow.

Risk factors remain the same. The 400 share of SPY 203 short is still a threat and elevated my leverage to 90 area.


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