Italy Constitution Referendum got a NO vote on Sunday night. S&P futures dropped 10 points immediately after the news. By the time I woke up this morning it was up 10 points due to European market react to the news positively. It was another "black swan" went positive, like the Brexit and US Election. This one was just in a smaller scale. It was an open drive session for the US market. RUT and SPX went up 1.8% and 0.6% respectively. I was expecting RUT to reach 2% possibly. The doji on Friday played out to the up side. However MACD and B bands are not showing a very strong up move potential so far. But you never know during Dec.
Made 7 trades with 2 rollovers. Sold a RUT Jan 1430 Call CS to form an iron condor. The rest of them were just hedge and exit puts. One the realized base I got hit again today.
Obviously my portfolio was hit hard with today's surge. Net liq lost near 20K to 134K. The margin ratio of 24% became a concern as well. It wasn't even at this level during the election surge. I guess many of my near the money long calls were gone. There are only some far out protective calls left. The long put side is also stretched with equity exposure fees. I tried to buy longs in both sides without much luck. I will work on buy more hedges on both sides tomorrow more aggressively. Must bring the margin ratio back.
No comments:
Post a Comment