Indices pulled back today with some force. SPX and RUT had more than -0.5% on closing which is bigger than the average of last couple weeks. They both are back to their previous balance area. It still could be just retest the b/o point before thrust up again. Also trades are waiting for Yellen's speech this Friday. Although FED has been wish wash without a clear direction.
Made 14 trades cross all accounts today. Closed 3 near the money positions, rolled over 4 ITM positions and bought hedging positions on both sides. Also sold 3 Sept 5 195 puts to cover the loss of Aug 4 220 calls. Feels over traded somewhat but collected $1800 premiums. I want to be more patient on my last two near the money SPX bear calls. I want to hold to the last day to see if I can get them off instead of rollover. Get to work on protecting put exposures tomorrow.
Some risk factors are back inline with today's pull back. Net liq is up about 10K at 160K, margin ratio at 52%. Of course the coming weekend and Yellen's speech could change the picture completely. All I can do and should do is to control my risk.
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