SPX and RUT moved one more step lower today. Both closed back into previous balance area. VIX is at 16. Tomorrow market may be choppy in preparation for Friday's job report.
9 trades today. Closed more near term positions. Other than a naked SPY June 5 170 puts none of my put spreads got filled. I rotated my RUT 1060 deep ITM call from May 3 to May 2 with two of 1090. I wanted to lock in some profit and raise the strike up. Hopefully to get out of this position sooner with 1:2 increased position. Margin is to the puts now. I also sold couple of RUT 1:2 ratio hedges on call side. I plan to see more calls when and if we get a run up. I need to remember to wait for prices get to resistance levels to place my orders. I also need to spend more time to learn TOS trade placement.
Risk parameters stayed at healthy levels now. I don't need to deploy all of my firing power. Continue to learn to be patience. There are times to stay on the side lines.
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