Market hesitated for a while after FOMC no rate hike announcement. After Yellen's conference it started pushing up. SPX and RUT gained 1.09% and 1.34% respectively. They both closed at the highs of the day indicating likely upside tomorrow. MACD daily also start to cross up. The current correction may be over and another leg up just started.
Made 10 trades across my accounts today. 5 of them were preset exit orders. 1 RUT ratio hedge. Sold four late Oct and Nov call spreads with near 1 delta. I underestimated the up surge when I saw weaker upside move about a hour after the announcement. I will be more patience tomorrow to see how strong the market may move.
Risk profile got squeezed as the market moved up. Neq liq is down almost 8K and gross position value increased 7K with added 2 CS positions. Margin ratio dropped to 35%. I will buy more hedges tomorrow to reduce my margin.
No comments:
Post a Comment