Thursday, September 8, 2016

Small Pull Back 9-8-16

Market is still trading in a small range. The only noticeable difference is that it closed down 0.2+%, probably not meaning anything. But I welcome any down move as a relief to me. Indices closed in the upper side of their balance area.

Made 13 trades today, 12 of them were credited hedges and one rollover of SPX 2140 bear call. I made one mistake on my first trade today. Instead of 2:1 ratio credit I made it 1:1. I then placed an order to buy two calls to reduce my margin. I still need a checking process as my routing. I am a little heavy on put side now.

Risk profile improved with those ratio credit hedges. Net liq is about 160K and margin is at 60%. There are 5 ITM positions to rollover tomorrow. I will need to buy more hedges on put side.

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