The same pattern of drop and pop played out again today. S&P gave up over 0.5% at one point then erased most of its loss before closing. RUT led the indices booking 0.62% gains at 1261, a new high of the year. SPX is less than 10 point away from its all time high of 1293. MACD is about to cross up on daily. My positions continue to be pressured.
Made 6 trades today: 1 new RUT bear call spread for end of Oct, scaled out 1 IWM for near 30% gain. 3 ratio hedges for next couple weeks and closed SPX 2210 call. I need more for rollovers. It's not likely I will have any ITM position to go off book this week.
Risk profile is about the same except my net liq dropped some. Margin ratio is back to 50% due to the new hedging positions. I may start to rollover the deep ITM positions tomorrow since they are hopelessly underwater now. I will gain a little extra time decay on the put side.
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