My hypothesis for today's market movement was right for once. The big money pushed it up in morning session then let it go in the afternoon. It wasn't much fall at close but it was in negative territory. Any down move is a relief for me. Although the bull flag and uptrend are well intact.
Made 6 trades today. I bought back the assigned 100 shares of SPY 210. It was a loss on top of the ITM 203c from last assignment. I still don't have a good understanding of how the assignment works. I moved the position on expiration date but not the strike price. It didn't void the assignment happen. I made couple risk reversals in SPY and IWM for near term to long direction as I expect there may be another attempt to go higher next week. No meaningful premiums collected.
Risk profile survived the early surge and got about 3.5K increase in net liq. Margin ratio is up to 40%. The threat could not be reduced significantly without getting any bear call positions off my book. It's all at mercy of RUT since most of my bear call positions are ITM.
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