Indices retest recent break out area early today and found buyers later. The last three days swings appear that market is exploring directions with jobless claim raise and retails down. Right now bulls and bears are in a tug war.
I had five trades today. All of them are buy back bear calls. I had to go to review my depositions. I placed some put spreads but no fills. Now I am light on both side. I will start to sell for July contracts.
Risk factors are above average now. Margin ratio is above 72% which is the highest on my records. I will have more firing power in next few days if there is a breakout in either direction. I have only one RUT call positions to rollover tomorrow.
No comments:
Post a Comment