It's the April Fool or what? Indices headed down before closing of yesterday. Futures follow the down move overnight with European markets down more than 1.5%. The March NFP report came out better than expected but pre market was still push lower. First was the gap fill to yesterday's closing. Then most bears got fooled. I was fooled too although I was only looking at probabilities. I got squeezed on these bear calls I thought were safe expiring today. I ended up forced to roll over SPX 2060, 2065 and SPX 206 in the afternoon.
There were 7 trades today. I had four rollovers and 3 bear call spreads in May. Market may be pushed higher before this month's FOMC. There may be a new high in May if no rate hike in April. I need to withhold selling bear calls to save my buying power.
Risks are within my parameters so far. With this week's protective calls expiring I may have to buy more call to hedge my positions.
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