Bears pushed the market down most of the day. Bulls took it back before closing. It appears the shake out before FOMC. SPX/RUT held their current balance area of 2075-2210 and 1130-1149 respectively. We may see another up thrust if no surprise from FOMC.
I tried to sell some puts with with Delta near 6 but no fill. There is about $1500 worth of Theta decay today which may be easily erased with a up swing. It was a frustrating day.
Risk factors fall out of the line due to the expiration. Margin ratio is down to 35%. I need to buy more hedge tomorrow.
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