Market battled after FOMC but bulls had upper hands at the end. As expected a likely scenario SPX is on track to retest the all time high at 2134 from last May. Then possibly make new high. RUT is closed January's b/o area at 1150. Next target is 1180 to 1200.
Had 3 trades today. I rolled the deep ITM RUT 1055 and 1090 to next two weeks and collected about $150 for each roll. I may not be able to close these bear calls until later May. I will continue to roll and collect premiums. I am pressured on the call side.
Risk factors remind the same level. I will continue to buy hedges tomorrow. I need to sell some SPX calls to finance the gradual closing of SPY 203 shorts. I will come up an offset figure to execute the plan.
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