Indices were faded after opening run up. The majors closed down slightly, RUT, SPX and QQQ gave back 0.4, 0.2 and 0.07% respectively. It's a range day as they are holding bull flags. It looks like market is taking a breather before this earning session start in the next day or two. On the other hand the MACDs for RUT and SPX start to tile down a little. It may be range bound to work out some of the over bought conditions like it did in early summer.
Made 12 trades. Rolled couple of ITM longs in the small contracts to add and extend my hedges. Didn't get much premiums collections. Also bought hedges on both side although margin is on put side now. Still in a tough spot of cash flow.
Net liq is up 2.6K. It's stocked in a range and could easily pushed to the cliff again. Margin is above 60%. I need a 3-5% pull back to get a meaningful relief but it's not likely with the current market sentiment.
No comments:
Post a Comment