Indices traded in a small range toward lower end of their current balance area. They couldn't break the range as expected. At the end they erased most of the losses positioning for the last trading day of the year. We may see a push up and close below the high to end this year. I checked the last four years' final day trading, 2012 and 13 were up and 2104, 15 were down sharply. So tomorrow may be a 50/50 toss. I need to prepare and keep calm for either direction.
Made 2 trades today. Both were rolling up in IWM and RUT. I tried to buy hedges in both directions and sell SPX bull puts. None of them were filled mainly due to the small ranges. I am still anxious during the day, emotionally up and down with price movement. I need to recognize it and let it go. My focus should be on planing my course of actions on market levels.
Net liq gave back 1.7K after RUT closed on a positive note. Margin ratio is at 55%. I plan to exit RUT 1360 this week expiry which is slightly ITM today. I will wait after 2pm to close it expecting a drop after initial pushing up. I will roll up SPX 2235 which is deep ITM for this week.
No comments:
Post a Comment