Indices gaped up following the sharp raise of Asian and European markets. SPX and RUT both crossed and closed above their B Bands on daily. MACD also crossed up on daily. SPX looks ready to move into August range while RUT already crossed it with over 3% rise in the last 2 days. My portfolio got squeezed pretty bad. These near the money bear calls were pushed in the money.
Made 3 trades, 1 rollover of SPX 2150 bear call to next week and closed a SPX put. I sold 2 NFLX Oct $80 bull puts following yesterday's plan. It was my attempt to diversify my portfolio. I want to reduce my index options size and tip toes into other asset classes. I also placed couple orders in ZC but no fill. Will keep looking for other opportunities.
Risk portfolio is worsening. Lost another 8K in net liq while the gross position value exploded about the same amount. Margin ratio improved 2% with the rollover. No ratio hedging got filled today. I will look at tomorrow's "post expiry" predication and decide how much hedge needed.
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