Market took a breather today after the sell off yesterday. SPX and RUT both closed near flat recovered from earlier losses. Both of them parked at lower end of their balance area and b bands. Market may be awaiting for Congress to vote on the new healthcare bill either tonight or tomorrow. We may see a bounce or retest low from here on technical.
Made 3 trades with one erroneous order. I forgot to cancel an IWM put rollover order after I placed another order with a different date. I didn't act quick and decisive enough to correct it. I will make it tomorrow. I will take a loss if market pop up tomorrow since the order is long put and short calls. I also made a risky split of RUT ATM 1350 bear call into 2 1360 bear calls in most recent two week strikes. My intention was to reduce one position within two weeks and raise the strike up 10 points. But I currently have added one position hope it will expire OTM within 2 days. Then my next week's position gained 10 points with a better chance to exit. Both of them are only 15 points away from current price so it's 50/50 chance right now. I placed an order to close this week's 1360 for $60 to b/e this trade. In this case I didn't lose anything but will gain 10 points.
Net liq added 2.7 K. Margin ratio dropped below 30% on put side due to the added put in the split trade mentioned above. The position will be off by this weekend one way or another. I will continue to add hedges on both sides and make naked rollover if I can tomorrow.
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