Indices had a choppy flat day on this Monday, two days before FOMC announcement. A rate hike is expected by the market. There is no clear indication of the sentiment. Trades may be more interested to read the languages of Fed announcement. It's likely there is another pop once market put the rate hike behind it and waiting for more economic policies.
Made 2 trades on this slow day. Closed 2 hedged puts and one naked put in RUT for a client. I tried to sell some call spreads on RUT and put spreads on SPX due to the two were on opposite directions during the day. It wasn't a disciplined action on such low price movement and two days before FOMC. I still have the bad habit of looking for trades and taking chances. I listened to Mark Douglas and Jesse Livemore's audio books over the weekend while fixing the garage ceiling. I realized that lack of patience and discipline is still my weakness. I need to continue to work on change these habits.
Net liq lost 4.1K with 0.4% RUT gain. Margin ratio was up some after the expiration. I get to work on hedging next week. I plan to roll up my ITM positions more aggressively from tomorrow.
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