Indices traded in a small range and closed near flat. Market appears to be in a waiting mode after FBI's bombshell of Clinton email last Friday. It's getting close to the Election Day and the picture is still not clear.
No trade today. There is no clear opportunity for me. I plan to add few calls in SPY and IWM tomorrow if we get a decent pop. I may have to wait after the election day to get into new positions. I may adjust my ITM bear call positions in next couple days and add hedges to my bull put positions.
Risk profile is healthy. Margin ratio is at 64.6%. I need to keep the reserves for a possible election shock.
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