Thursday, August 4, 2016

Positioning for NFP 8-4-16

Market chopped around within yesterday's range but slightly to the up side. B band formed a squeeze formation in daily charts. Trades are awaiting for NFP tomorrow morning. VIX is at low of 13. We may see a break out from this narrow range, more likely to the up side since the down move was rejected two days ago. Of course it's all depends on the NFP number and how the big guys interpret it. Good news is bad news or bad news is good news.

Made five trades today. Three rollovers, one BTC put and one call hedge. I was trying to roll over all of my ITM and near TM positions. Then the real estate closing was delayed. So I left one more at the money position to roll tomorrow. Plus I may roll more positions depending on how market react to the NFP number.

Risk profile is about the same as yesterday except margin rate got up to 35% after rollovers and a hedge buy. I will buy more hedges as another Friday comes.


No comments: