Indices gaped up from futures gains overnight. It appears the lower B band and the bottom of balance area held. Now market is looking to explore the upper side of the B Band with favorable earning reports so far. SPX and RUT both closed right below BB mid line. MACDs are near crossing up from below. An up wave may be under way as we are approaching the election.
Made 6 trades today. I tried to learn directional play. I bought 2 10/28 SPY 215 calls and sold 3 11/9 209.5 puts and collected $26. It may be called risk reversal combo. This setup doesn't have much down side protection. I was too early. I didn't have a clear set of rules. It was a pure experiment. I will continue to learn and find a suitable directional system for my arsenal. The other orders were just ordinary position adjustment. I should wait for the market come up more before selling more calls.
My net liq is down a little due to the up swing. Margin rate is at 73%, the highest since I started tracking the figures.
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