Market reacted to the news of North Korea nuclear bomb test after the Labor Day long weekend. The impact of the news was reduced over the weekend. All majors were down a little over 1% during the day but closed with certain levels of recovery. People still buy on any dip.
Made 16 trades. Sold some mid Oct bull put spreads across accounts. Rolled over 2 RUT 1380 and 1350 ITM puts. Finally had a chance to sell Tesla's put spread to make it IC after it shred 2%. Collected 1.3K premiums which hasn't happen for couple months. VIX popped over 30% despite the actual selling wasn't strong.
Net liq recovered about 5K. Margin ratio is above 50% for now. This pull back may be short lived unless any new action from either side to escalate the situation. I bought 2 ratio hedge in RUT with this consideration.
No comments:
Post a Comment