Indices chopped in a small range again unlike what I expected a wild swing on this option expiration Friday. Sellers tried to push the market down but couldn't even get to retest the break out area. Buyers couldn't get it out of yesterday's range either. The bull flag pattern is still holding well. I expect another up thrust next week if there is no big surprises over the weekend. Major crude producers will have a meeting discussing production freeze during the weekend. It may give the energy market some energy even with a unbinding agreement.
I rolled over SPY 207 calls to May 1 210.5 plus 195 puts. No other orders got filled. It was a slow week without any meaningful pull back. It ended with a $113 losses due to the three near the money and ITM rollovers.
Risk factors increased somewhat. The available funds get affect a lot when hedging positions expires. Margin ratio is at 46.8%. I still have not been able to unload the 400 short shares of SPY at 203.
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