I was taking care of things for moving to Anderson in the last two days. Indices held up well in a small range My portfolio were under more pressure on Monday and Tuesday. SYX formed a doji yesterday. It had a 10 point range to the down side today. RUT closed -0.68% which was pretty good for the summer slump.
I rolled most of ITM calls out to Aug 4 and 5 today. I have to get everything out of the way by end of tomorrow since I need to go to Clemson this Friday. There were 8 trades today, two ratio hedges on put side because I have too many naked puts due to the rollover of calls. I rolled 4 ITM calls in both SPX and RUT. I reduced one ITM call for SPX by buying 2 back and sell one further out call to cover it while collected a small premiums.
Risk profile is finally back in line at least until this Friday. Margin is back to 50% for the first time since end of June. Leverage is at 99. I am going to sell these SPY shorts gradually at different support levels to stop my losses. The bull flags of indices are not broken yet on daily charts. I can't be too relaxed yet. I also have downside risk due to some naked puts. Be prepared for either directions. Let's see if we will get a follow through for another down day.
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