Indices chopped in a 10+ point range while waiting for FOMC announcement tomorrow. The majority don't believe that the Fed will raise the rate at this meeting. They may pay more attention to the language of FOMC statement. We may see another surge to the upside if no rate hike. If that's the case market will have until Dec to face the rate issue. The election is over by that time. There will be up and down during this period.
Made 6 trades in SPX and RUT today. All of them were ratio hedges in both directions. I feel much better to deal with tomorrow's news one way or another. It's the 3rd day without collecting any meaningful premiums. My search for other assets has not result anything yet. I may take a look at grains again tomorrow. I will wait to sell into any new positions after the initial reactions of the announcement.
Risk profile is close to mid now. Margin ratio is at 45%. Leverage is at 68. I will continue to reduce my position size to prepare rollover on Friday.
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