US indices opened lower. It was a range day as expected after the big push yesterday. I tried to make entries for long in the small contracts this morning. I got in a weekly SPY risk reversal early. But it couldn't lift itself up today. I tried to take off a half at b/o but didn't get it. I will decide to cut my loss or stay tomorrow. Also need to consider to buy a directional put set in small contracts for retest lows if not break lows.
Made 4 trades. Sold TLSA call spreads when I saw it popped 2%. It later closed above 3%. This is a wild animal. I have about 20% distance and 37 days left. Let's see how it goes. Will sell a set of puts on pull back to make it into IC. Bought a set of SPY for directional play as I planned last night. Not much else going on in the market. Crude closed up on inventory draw down and weather concerns. I may trade it tomorrow.
Net liq upped 2.3K, a wash from yesterday. Margin ratio is back to 47% from 27% yesterday without any hedging trade. That's a puzzle to me. Is it because of VIX? But that reduced yesterday and raised today.
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