The index futures were lower overnight. They opened in negative territory this morning as well. Similar to the pattern of last Friday, they finally broke out to the upside with 1% gains in most of the indices. The high and low of their current balances have been tested so far. Most of them are parked in the mid of their balance areas except NQ/QQQ which is on top of its range. FOMC will be in play in next 2-3 weeks.
Made 6 trades and no premiums collected. I flipped our QQQ and SPY from puts to call again. I realized that I made panic trades when I flipped them from calls to puts last Friday. The price pattern changed from pop and drop to drop and pop last Friday.
Net liq gave back 3K with today's pop. The margin ratio is at 40% after the weekend expirations. I need to buy more calls to hedge it.
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