SPX and RUT reversed up today closing up between 0.4-0.7% respectively. They stayed within their current balance area. The ups and downs appeared to be simply marking their time while awaiting for something. Of course my current portfolio is squeezed with any upside movement giving these underwater bear call positions.
I made 4 trades today. Three of them were ratio hedging on call side. Sold a set of NFLX bear calls while it was having 3+% up on 2nd day with rumors that Disney may acquire Netflix. I sold 130 calls when it traded at $105. I should have been more patient to sell it at $135 area. A bad habit I am still not recognizing during the heat of trading. I was holding off to sell anymore calls in order to conserve my available margin. I didn't execute my plan to swap my SPY short shares with options when the market was up. It shouldn't really matter weather the price is up or down. I will try to do it tomorrow.
Risk profile is down somewhat while prices are up. Margin ratio is at 47%. Leverage is still at 73. I wonder how much will it drop once I buy back the 170 shares of SPY.
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