Market continued to follow through yesterday's reversal after initial push down. OPEC production reduction agreement was announced in early afternoon that boosted the market. CL was up 5% and indices gained more than 0.5%. My portfolio was squeezed again. Three of the four DITM RUT calls look hopeless now. I can't remember how I didn't roll them up when they were threatened.
Made four trades today. I started to experimenting weekly income trading within two week time frame inspired by that weekly income trader on YouTube. I will trade it small and by ready to roll out if it gets threatened. I am currently using two cars in SPY and IWM each week. My main concern is that the two are still index related. They are not diversified if we get a sudden drop. I need to look into other asset classes or individual stocks. Also closed a naked SPX Nov 1 for about 80% profit. I sold a call CS of RUT, Nov 3 on that surge. I may have enough buying power to add couple more call CS in SPX if the push up continues.
Risk profile got pushed off some. Net liq dropped about 4K. Margin ratio is right at 50%. I will add more call hedges for expiring week.
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