I was expecting a pull back to the upside before April's NFP on Friday. But any push up attempt met sellers although the ranges were small. Last week's unemployment claim was higher than expected. Market is waiting for tomorrow's NFP report. Who knows how a good news or bad news will be interpreted.
Had three filled trades. I rolled RUT 1090 ITM call up 5 points and two weeks out. Sold a RUT put ratio hedge and SPX 1750 June 4 CS. I have to go to Chapel Hill tomorrow and won't trade the NFP.
Risk factors are above my normal levels. Margin ratio is at 57%, VAR and ES are in $50k range. I will be able to withstand a mini crash and sell more puts.
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