Market chopped around today. It may be waiting for this super Thursday when UK parliament election, EU Central Bank and Comey testify happen on this day. With SPX firmly holding its break out range we may see a sell on rumor and buy on news? RUT retested its prior balance area high and got rejected today. Both SPX and RUT recovered from their lows and closed slightly negative.
Made 9 trades today. Rolled couple of hedges in IWM and SPY to extend their time, sold two SPY RR for July to place long calls in case we get a summer rally. Rolled one RUT 1360 ITM to 1370. This one has no hope to get out this week. I am concerned that SPX 2270 deep ITM in ET. I spent some time to figure out different ways to save it this morning. I may have to lower the strike on Thursday to wait out this surge.
Net liq gave back 1.65K even as RUT and SPX closed slightly lower. It may be caused by my long calls. Margin ratio is above 50% for now. Margin switched to put due to couple RR in SPY and IWM.
No comments:
Post a Comment