With yesterday's strong closing I thought there would be a follow through day for indexes, especially RUT to continue the thrust. Instead RUT was under pressure all day. It was down 1.5% before noon and close -1.11% for today. SPX was down 0.6% at one point but recovered most of its losses at closing. SPX has a clear IHS formation. It may be just marking time for the NFP report tomorrow. RUT didn't break any key levels either. It was an inside day within the 1.6% move from yesterday. So the market will go either way tomorrow depending on how it interprets the NFP report or won't even care at all.
Made 7 trades today. Three were RR ratio hedging and one for exit of put. I made three lock and rolls to close some profit and up on strikes. Today's pull back was very helpful. Margin switched to the put side after my risk reversal hedging. So the three rollovers didn't use puts to collect premiums. I learned another tactic for rolling. I have one expiring RUT 1370 ATM to close or roll tomorrow.
Risk profile gets a needed relief from today's price action. Net liq is up 15K to 140K from 125K. Margin ratio is at 82% until tomorrow's expiry. I intentionally held margin on put side to see if it would put me in a better position at least over the weekend.
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