A choppy day after FOMC. Indexes have stayed in the range for almost two months now. The new highs were knocked down and range lows were bought up. Something will give one way or another but no clue right now.
Another day went by without collecting premiums. Made 4 trades: one exit of SPY and three hedges to reduce margin and fees. I notice that my patience is getting thin and wanting actions. But my hands are tight with with these ITM positions. My IB account is still fragile to any upside moves. Better to be patience than sorry.
Risk profile is totally dragged by RUT's movement of about 12K for a 1% move. Margin is hedged up until tomorrow. I will have to buy more calls tomorrow to hedge for next week.
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