Market traded in range while awaiting for Congress to vote on the healthcare bill for most of the day. It was quite emotional news driven day but no break out one way or another. Indexes went into red in mid afternoon as the vote appeared unlikely. Then it recovered back to green when no vote was confirmed. All of the struggles for nothing. I would assume that market will re-access the failure of the bill and start again on Monday.
Made 5 trades today. I was able to exit both RUT 1360 call and 1340 put at minimum prices. The ideal situation I described last night. It is an exception of most situations I have had. I used SPY and IWM to hedge my put side due to the small range and wider spreads of they big brothers. No premiums collected today.
Net liq stayed flat. Predicted margin is adequate for next Monday. I will try to exit or raise my RUT 1360 call next week.
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