Market tested lower today while awaiting for FOMC announcement tomorrow. Although it's not expected a rate hike from this meeting but market will read Fed's language like reading tea leaves. Much anticipated AAPL earning report turned out to be disappointing after it made several ATH recently. It's was another buy on the rumor and sell on the news. RUT closed down -0.6% and SPX was up 0.1% at closing.
Made 4 trades today. Rolled a RUT 1160 deep ITM call and sold a June 30 RUT put CS. VIX is too low to get a good fill. Made couple ratio puts to protect my downside.
Net liq recovered yesterday's loss. Since my calls are all ITM so it's all at the mercy of the market. Margin ratio is back to normal. I will mainly focus on hedging tomorrow before FOMC. I won't sell for premiums before the FOMC announcement.
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