The Divergence continued in reversed tendency. DIA and SPX pushed higher while QQQ and RUT closed lower. The tech and small-cap came back to retest their breaking points. It appears in the process of establishing the ranges if they don't fall back to their lower balance areas.
Made 24 trades. It's a high number that I can remember. I couldn't pile off the two ITM bull puts in RUT 1695 and SPX 2800 so I had to roll them out. That delayed my timetable and put pressures on my put side. I had to roll long calls for this week based on my plan of letting the short calls decay to the last day. I spent a lot of time and energy to hedge my margins. The debit spreads didn't work well. I guess I have too many IMT positions that require higher margin. I bought both sides of them and they didn't reduce the margin much. I ended up to buy direct puts at the last half hour that solved my problem this weekend.
Net liq recovered 1K and backed above 112K. The margin ratio is low for this weekend. My available funds for Monday is only at 18K. But I can manage that after spending about $200 on hedging and rolling.
No comments:
Post a Comment