Thursday, September 21, 2017

Digesting FOMC Plan 9-21-17

Major indices traded below zero line most of the day except RUT until closing. Tech is showing some weakness. Market appeared to re access Fed's plan of balance sheet reduction and re affirming rate hike schedule. After hour North Korea announced it may test a H bomb in pacific in responding to US's threat of destroying NK. Futures market retreated to hows of yesterday as of this writing. Don't know if the fear would last to tomorrow morning.

Made 6 trades. Rolled out my last two dITM calls and booked hefty losses. Sold UVXY puts for the first time as part of my exploring small and variety underlines. Exited last TSLA calls and booked 70% premiums.

Net liq still hang on the last thread at 115K. Margin ratio is projected OK for the weekend. Margin is on put side now. I will hedge it tomorrow.


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