NFP report was 235K vs 196K expected. It was a blow out report but market reaction was limited. SPX and RUT moved up less than 0.5% and were pushed into negative territory for awhile in mid day. Finally both SPX and RUT romp up during the late session and closed into positive territory similar to yesterday. Market is preparing for next week's FOMC. I don't know which direction will react to fed decision. I read a statics that market react to Fed rate hike positively above 70% of time during the last twenty years.
Made 5 trades today. It was a boring day without vols. No premiums were collected. I bought a RUT call for hedge and closed a put to reduce margin and fees. No any other orders were filled. Closed couple of positions for clients. That was it.
Net liq stayed about the same. Paid another 5K back to ET. I may need it again if we get another surge on FOMC. Margin ratio is low but will be back up after this week's expiration since it's on put side. I just have to pay Excess Fees over the weekend. This week had some rollover and lock in some profit and raised strike price up. I will try to reduce RUT 1350 and roll couple other positions up.
No comments:
Post a Comment