Market took a breath today. SPX and RUT traded inside their ranges of yesterday. Both of them could not break yesterday's lows. Nothing has changed as far as sentiment and trend concerns. My account got a small break for today. My theses didn't play out. Market went down first until after lunch. Tomorrow may be up first then close lower before the long weekend.
Made 9 trades today. Rolled out my last ITM SPX calls in ET with some difficulty. I couldn't get filled for the week I wanted despite lower than mid price for the morning. It may be a volume issue. I felt pressure and anxious when my order couldn't get fill. I need to stay calm. I closed 2 SPX 2360 near the money calls after cash close to prevent a gap up overnight. I almost forgot this was monthly expiration and the price won't settle until tomorrow's open. There is about 13 point distance so I don't want to take any chance.
Net liq recovered from yesterday's loss. It's still not out of the woods yet. RUT may test prior range high again. Watch to see if it could fall back to that long narrow range. It all depends on the other majors I guess. All of my hedges turned the low post expiry up to 40K. It made margin to the put side. This may be a solution for the future: pay a small excess fee to release pressure on the opposite side. I will have to get more hedges tomorrow.
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