Market brushed off Fed's rate hike and popped up again. SPX and RUT took back 2/3 of their losses from yesterday. They closed as an inside day with bull flag formation. They are positioned either retest the break down points of yesterday or ready for another leg up. May be Dow for 20K, SPX for 2300 and RUT for 1400 before the year end? It's possible with the current bullish sentiment. Obviously it will be a bad situation for me. Tomorrow is quad witch day. I would expect a pump up and settle in range day. The big money may want to pin a upper number before they close or roll their positions.
I made 9 trades today. 3 rollovers with 1 spy Jan 19 210 for attempting to void assignment due to low OI. Let's see what happens overnight and tomorrow with the dividend day. The rest of them were mainly hedges. I was too eager to roll 12/23 long calls to 12/30 that reduced my available funds. I may have to buy more hedges to raise my margin and pick another position to exit for the net liq issue.
Risk profile fall again. Net liq is down 10K back to 135K. Margin ratio is down to 23% due to my early roll out of long calls and market raise. I will be on the edge of cliff again if we get another 1% up day tomorrow.
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