Saturday, September 17, 2016

Choppy Quad Witching 9-16-16

It was a small range inside day to my surprise, so much for the quad witching day. Indices closed slightly down. It appears that market is just marking time and waiting for next week's FOMC. With today's small range my positions left on both sides ended worthless.

There were only three trades with two of them being hedges and one closing a position. No premiums were collected. I am not eager to press orders to collect premiums on daily bases. It's a progress in my mentality. I used to feel bad if I didn't make a sale and collect some premiums in a day. Now I would measure it in a weekly and monthly bases. It was a good week to recover from July and Aug draw down. I made back 2/3 of the loses on realized base while collecting premiums each week. It has been steadily for the last four weeks.

Risk profile is better with net liq up and position value down. Margin should be back up more after the expiration taking place.



No comments: