It was expected that the market would consolidate after the big swing of the last two days. Buyers carried the touch from yesterday in the early session. Then sellers stepped in during the last hour and pushed the majors into the red for the day. SPX and RUT are contained in their current balance areas. If that is the case then there may be another test of the lows of this Monday or even further down to the lows of the balance areas. Treasury yield above 2.8% is bothering the market. Another possible government shut down is looming. These could be the catalysts to rattle investors. VIX is still at 27. It tripled from 9 in early January.
Made 10 trades today. Nothing major happened. I tried to save some small car long calls in the morning. Also tried different configurations to lower my ITM bull calls. I plan to replace and roll out some near TM bull puts for clients.
Net liq is at 130K after I transferred 5K back to ET. Margin ratio is at 70% and the weight is on the put side.
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