The market opened higher but turned down in the afternoon. It appeared to be an outside reversal day for SPX, RUT, and Nasdaq. However, they are still in their current balance ranges. Which way will the market break it's hard to say? FOMC meeting next week will be soon in focus.
Made 14 trades today. I sold my last ITM IWM long call of this week with about $280 profit. I used 1/3 of the profit to buy RUT OTM hedges. I found it's better than keep rolling the options risking pullback and decays. I also made a RUT ITM reversal from bear call to bull put. It relieved some pressure on the bear call side. I wasn't patient enough in the morning. I was afraid of the market would have continued to push up. I missed a better opportunity late on.
Net liq stayed about the same after my RUT reversal trade. I may have to another reversal trade depending on the direction of the market. Margin ratio is above 60% for now. I am adjusting it day by day now.
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