It was unusual to see a down day in indexes. All major indexes except Dow are closed in negative territory. Tech was weak and USD continued to fall. The VIX divergence of the last couple of days played out.
Made 9 trades. Had an opportunity to convert a RUT 1385 bear call to bull put. I moved it to Dec 1810 ITM put. It's about 12% away v.s 14% of the bear call. Due to the margin limitation, I could only convert one naked. It reduced some risk for the upside. Rolled my last RUT ITM bear call up and away. Somehow I thought today was Thursday. So I pushed hard for the rollover. It was my mistake. Sold RUT March put spreads for clients but I didn't want to use my margin to do it.
Net liq recovered 2k. Margin ratio is at 46%. The margin is on the put side now. I need to watch the downside risk now. May have to wait for a while before converting another RUT call to put. I will work on SPX conversion and wait for a meaningful pullback.
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