Wednesday, November 22, 2017

Pausing Before Thanksgiving 11-22-17

Market took a breather on this day before Thanksgiving. Indices maintained in a small range. SPX and RUT closed slightly lower perhaps short term traders took off some chips off table before the long weekend. NASDAQ is the only one made a new high again.

Made 9 trades. Bought couple of long calls for hedging and rolled the small cars out to collect some profit and extend my hedges. I bought SPX 2610 calls in ET to prepare for roll on Friday. Feel like that I should have waited until Friday to let it decay a little more. But market only open until noon so I was worried I may not have enough time to do it. Well I take responsibilities for my action. If market goes up on Friday I will win otherwise I may loss $100 or so.

Net liq survived today thanks for the final closing down. Margin ratio is healthy. Leverage is above 200 again since the run up started last week.

Well, Tomorrow is Thanksgiving. I am thankful for everything and I am still alive.

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