Indices opened lower with a small gap from overnight. My expectation was a range bound day since NFPR is tomorrow. After initial selling market did bounce. Then a sell off came after 2pm broke the day's lows with no major news. It could be the results of digesting Fed Minute from yesterday. Both SPX and RUT closed near low of the day and parked on the lower end of their balance area. Let's see if the indexes will hold or break their current balance area after NFPR tomorrow.
Made 20 trades today. Rolled out 3 of my ITM positions. Sold couple SPY scalps for next 2 weeks. Made 3 bad trades in TSLA as it dropped another 5% following -7% yesterday. I left a put spread order open with near 40% raised price from yesterday. I forgot to check it this morning before open and it got filled immediately after open. I still haven't made a good habit of check my pending orders before open. I then keyed in a wrong price for a client's TSLA PCS order. It left the - sign out again. Then sold some bull put spreads in August for premiums. I need to hold off selling on both side tomorrow until market direction is clear.
Net liq popped 11K for a nice change. Margin ratio is above 60% before the weekend. I need to buy hedges for both sides tomorrow as many of my protective positions are expiring. Also need to watch IWM 239 put which is ATM now and expires tomorrow.
No comments:
Post a Comment