Indices made another down day with similar pattern of yesterday. Bulls mounted an offense before lunch then failed in the later session. RUT led the sell off with 1.3% lose and closed firmly below last week's low while SPX is hanging on last week's open. We may see another down day since both SPX and RUT are closed on their LOD. AMZN reported its earnings after hour with less than expected outlook. It's share tumbled 5%.
Made 9 trades today. Three of them were ratio put hedges. Four were scalp trades in SPY and IWM for next two weeks. Couple of them may be in danger if market continues to drop next week.
Risk profile stays pretty healthy. Margin ratio is above 70%. Margin switched to put side again. I may add couple scalp calls if there is a bounce tomorrow. I need to be more patience on put selling tomorrow as I don't have many available time spots left.
No comments:
Post a Comment