Indices opened slightly down erasing futures overnight gains. Sellers kept it down throughout the session. Both ES and TF closed near lower end of their B bands and above their last week lows. It may be time for a bounce. Netflix had a big surprise earning report. Its shares surged 20% in after hour trading. I am glad I followed my plan and exited my strangles before the earning report.
Made 7 trades today. Sold SPY puts for next 2 weeks as my scalping trades. Rolled 2 SPY 205 bear calls to Nov 1 206 with a put to collect some premiums. The rest of them were exit positions for margin purposes.
Risk profile is above my requirement for the time being. Margin ratio is above 60% and leverage is at 49. Margin is on the bear call side. I have room to add couple more positions on either directions.
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