SPX and RUT made a decent pull back ranging from -0.63 to 1.36%. It's the largest range since early July. Both of them reached the lows of their current range. The ranges are not broken yet. If the bears keep knocking it we may see further down movement. Otherwise bulls may defend the lines here.
Made six trades today. Closed 2185 call with a small profit and released some margin. I also rolled out the deep ITM RUT 1100 put to Aug 3. This one is hopelessly under water. I just have to keep rolling it while collecting some premiums. Glad I bought some ratio hedge puts to protect the downside of my positions. Sold a naked Sept 2, RUT 1000 put to pay for a closing position.
Risk profile looks better today. Net liq improved and leverage is at 84. Margin is back to 41%. Finally got a positive unrealized $4000 profit. It's a lot better than the negative $20K.
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