Futures continued to drift lower overnight and market opened lower as well. SPX, NQ and RUT didn't close below their balance lows. RUT gave back almost 1% but the other two recovered most of their losses. RUT is in over sold territory unless some bad news push it further. SPX and NQ are still very bullish.
Made 16 trades today. Sold sold some late Sept RUT and SPX bull puts for clients taking advantages of early push down. Sold some scalps for clients as well. I haven't been able to roll my ET positions due to the put side holding up. Will try it tomorrow again. I am still holding this week's RUT 1390 ITM call in hope of an unexpected push down from current 1397 level. It require patience.
Net liq recovered another 5.6K. If the current level holds in RUT I plan to pay ET another 5K back. Margin ratio is at 94%. Good till this Friday. I may wait until Friday to decide what to hedge.
No comments:
Post a Comment