The Nov Unemployment Report came out this morning with 178K new jobs added v.s. 180-200K expected. It was unusual for the market without much reactions one way or another. In fact the market was choppy all day long and closed flat for SPX and RUT. It appears that the rate hike is priced in and the Trump herd doesn't care anything else. Well, market is not always rational.
Only one order was filled with such a small range choppy day. I rolled RUT Dec 9 1270 up and out to Dec 23 1275. It's hard to roll once a position is deep ITM. I didn't have enough time and focus to move every position out of them money during the rapid run up of RUT. It was also a discipline issue. I disbelieved that RUT could go up 12% and hoped for a break. It's true that hope is not a strategy.
Risk profile went lower due to the expiring Friday. Luckily I got two more SPX bear calls of 2005 and 2020 expired worthless. Now SPX is the 1st one to be come delta nurture. Net liq is up another 3K. Margin is down to 48% as some hedge positions become worthless too. I plan to add more hedges next week.
No comments:
Post a Comment