SPX nearly closed the gap from the break down of last Wednesday after another 0.5% recovery today. VIX is back in 10s range. It's critical to see if there is a new leg up after the gap is closed. RUT closed into its gap zone but left most of the gap unfilled. It may catch up quick or get knock on its head. Bulls are still in control so far.
Made 9 trades today. Sold couple RUT late June bear calls to form ICs for clients. All of my account activities were hedging and exiting puts. I reduced 2 IWM bear calls used to be ITM. No premium collection for me today.
Net liq gave back about 5K with 0.7% in RUT and 0.5% in SPX. Margin ratio is down to 31%. Margin is back to call side. I will buy calls to hedge it tomorrow.
No comments:
Post a Comment