Indices continued to stay in a small range bound. SPX has traded within 0.75% range for 14 days. It happened once in late July, the two longest small range since 1980. Something will give soon. I get to watch my exposure to the down side. I have many puts from rollover calls.
Made 7 trades today, including 3 ratio hedges, one rollover and closed couple puts. The rollover is based on my rule of stay out of ITM positions. My total ITM positions have not changed since beginning of Aug.
Risk profile is OK for now. Net liq is at 156K and margin at 38%. I will continue to buy hedges in both side to prepare for break out of either direction.
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