FED held interest rate unchanged as expected. It didn't stop the market continue to decline. RUT and SPX lost 1.26% and 0.64% respectively. Both of them are firmly below their Oct balance areas and heading into their summer ranges. With the election only a few days away the market is in an uncertainty mode.
I had only 1 trade today since I didn't want to add any bull puts to increase my leverage and risk. My corn Dec bear call hit my exit price. A surprise was with my BABA put spreads. It had a better than expected earning report this morning and its price popped near 4% to 103 in pre market. By the afternoon it lost almost 2% and was dragged to a total of - 3.7% after FB ER with a 8% drop. My 95 put spreads was from a sure 100% winner to a possible loser if it drop near 95 tomorrow.
Risk profile didn't change much. Margin ratio is at 65% while net liq is near 200K. I will try to add more hedges and roll out some put positions tomorrow.
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