US indices followed Asian and European markets staying in positive territory. SPX is right at its 200 SMA where RUT is below its 100 SMA. The indices ended flat while stayed at top portions of their Friday's ranges. All eyes are on FED again.
I had two trades today. Sold a SPX April 3 1680 naked put and bought couple RUT calls for next to reduce my margin. I am still under pressure on call side. I need to buy more protective calls tomorrow since some of them expired last week which squeezed my margin and IB's projected available funds were way off. I don't have any calls that are ready to be taken off.
Risk factors looks terrible after the weekend expiration. Margin ratio is below 30% despite the additional calls bought today. I don't think my portfolio can stand another 2% surge without a margin call for this week. I may have to close some calls and sell puts to cover them.
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