Indices went down with over night futures. SPX and RUT both retested their lows of yesterday. In fact RUT punched through the prior low and closed right at it. We may see a continuation of down move if today's lows couldn't hold in next couple days. I held off my entries in anticipation of breaking the test today but it didn't happen. So it was a light day for me today. My bear calls from yesterday looked timely so far.
Three filled orders today. I rolled over RUT 1100 bear call of next week with a put expecting the put decay to offset my rollover cost and earn the premiums. Otherwise the deep ITM call won't earn any premiums while tied my capital. Made a call ratio hedge and a put ratio hedge on the up and down swings. I paid attention to my mental state and emotional changes during the swings. I kind of remind myself to lay back and let market come to me. I even went out to get oil change for my car in the afternoon after I get my orders in place for a break down which didn't happen. I remind myself there is another day if the price didn't come to my level today.
Risk profile improved some. Margin is still on call side. Net liq is up about 3% and leverage is down to 73, still high though. Margin ratio is at 37%. The deep ITM calls are dragging my margins.
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