Market tried to lift itself up this morning but sellers kept knocking it down until it broke yesterday's low and slide down the hill. Although the losses were less than 0.5% for both SPX and RUT but they have booked 6 and 7 day continued losses. VIX logged 8th up days which set a record. There are still rooms to the down side. It's 2040 area and 1130 area for SPX and RUT respectively. They may be saved for the election shocks.
Made 4 trades today. They were hedges and rollovers. I made a double wing butterfly in SPY with 2 longs of 203. I then set a scale out order to exit 1 at 50% profit. It got hit in the afternoon. It shows how VIX is affecting option price. I have couple positions in SPY and IWM near the money. I will have to close them or rollover tomorrow.
Risk profile is down a little. Margin ratio is at 62% while gross position value increased 4K. I need to add couple ratio hedges in the big contracts tomorrow to sustain the possible election shock.
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