Indices pulled back to retest the break out area of late last week. The 0.5-0.9% pull back between SPX and RUT appears normal and positioning for Fed Minutes release tomorrow. It was wrong when I noted FOMC meeting announcement yesterday. I wasn't paying a close attention to the event calendar. It was a sloppy work in my part.
All of the 10 trades today were hedging related. I placed several ratio risk reversal on both sides and collected a small premiums in most of the trades. Two of my direct call buys were filled after cash closing. I have to be more aggressive to roll my deep ITM positions tomorrow since none of them were filled today. I will be taking June to NC on this Friday.
There is about 10K recover for net liq. Margin ratio is back to 51% thanks to these added hedges. The available margin should be OK until this weekend. There may be some increased vols tomorrow after the minutes get released. Should I add vol positions to rescue my under water positions?
No comments:
Post a Comment