Monday, August 29, 2016

Monday Trending 8-28-16

Market had a small trending up day since open. It looks like the trades want to retest last Friday's high after Yellen's speech. SPX and RUT both closed +0.5%. They are still in this narrow range bound. It's hard to tell which way it will breakout.

Had six trades filled: 3 of them were position closing, 2 were bear call spread in RUT Oct 3 1330. 1 was ratio hedge with reversal to the call side. Nothing to write home about. Still waiting for a resolution by Mr. Market itself. The number of ITM positions have not changed in my IB acct. The acct is bearing 1000 negative delta although it's better than -1300 early last week. I may look into selling premiums of some ETFs and blue chip stocks to diversify my trading.

Risk profile was down some. Margin is at 38% and leverage is back above 100 again. Glad that I sold a small size of SPY short. It didn't hit my 2nd target. I have to go to Anderson to close the property tomorrow. I set up couple rollovers for Wednesday's month end contracts.

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