Market went into a choppy mode as bulls and bears played a tagger war. SPX and RUT closed within +- of 0.2%. On daily charts SPX and RUT are holding their bull flags while B bands made room to the upside. It's likely that both will continue to push up. ES made a all time high over night during European session. Assume the trades want to see what's behind the new high.
Made 6 trades today. Most of them were ratio hedges and rollovers. Closed SPY 218 call 1 hr before expiration. I was spooked by the 3pm pushing into 218. So I moved my exit price from 3 to 8. I made money but it was an emotional trade. It ended up closing at 1c. My plan was to exit between 8-10c. So which part of my action is correct? Have few more close out or rollover to do tomorrow.
Risk profile stayed relatively healthy. Net liq is still my concern due to the number of positions ITM or near ATM. I didn't collect much premiums in the last two days. My effort was mainly on risk controls. Margin ratio is at 64% while leverage is above 110. How are they correlated?
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