The main event of this week was FOMC meeting. The Fed raised the rate 0.25 for the 3rd time this year. As expected market brushed off the news with a little pullback after pushing up first. All of the majors held their uptrend well this week. The historically worst performed September passed without a 1% daily pullback. SPX actually made another ATH during this month. It gained 8% for the quarter.
The realized profit for this week is $1950 due to the small pullback of RUT, but the collected premiums are just barely $1000 after spending more than $100 per week on hedges. VIX has stayed low. FOMC couldn't boost it up before or after. The margin is heavy on the put side. My two RUT ITM bull puts of 1750 and 1730 didn't get OTM as I hoped. September happened to be a short month with only 20 trading days and the month end is the same as the week ending.
My search and learn new strategies are slow. The fear of losing is still holding me back. I saw several call-spreads for directional play. I hesitated to execute them without put-wheels.
The net liq is 123K. The available fund is 36K. It's predicted to be $44K after the weekend expiration. This is almost the same routine week after week for the last year and a half. I started to be aggressive in rolling the ITM bear calls then the margin requirement becomes too heavy. I need to look for new tricks.
Friday, September 28, 2018
Friday, September 21, 2018
Weekly Review 9-21-18
The bulls shrugged off the trade war news and pressed on higher. The US imposed $200 billion in tariffs on Chinese imports. Dow and SPX made new ATHs in the next 2 days. SPX is firmly standing above 2900. The next target may be 3100 before Christmas. There seems nothing to stop this raging bull. This September isn't looking like a poor performance month, same as the August. Not sure if the FOMC rate hiking next week will put a dent on the market.
My positions continue under margin pressure on both sides. I have 4 ITM bull puts and 5 ITM bear calls. I spent over $100 a week to hedge these positions. The risk is on vol spik. I am continuing to look for solutions. The situation is dragging close to two years now. I may have to make some drastic changes to reduce my ITM bear calls.
This is a quadruple week for options. My net liq is at 125K after paid 3K back to ET. The margin ratio is at 45%. The predicted liquidity was -6K this morning for the weekend due to the lack of hedging positions. I had to spend about $150 to hedge both calls and put side. I late sold about $200 worth of QQQ and AMZN put spreads to cover the cost.
My positions continue under margin pressure on both sides. I have 4 ITM bull puts and 5 ITM bear calls. I spent over $100 a week to hedge these positions. The risk is on vol spik. I am continuing to look for solutions. The situation is dragging close to two years now. I may have to make some drastic changes to reduce my ITM bear calls.
This is a quadruple week for options. My net liq is at 125K after paid 3K back to ET. The margin ratio is at 45%. The predicted liquidity was -6K this morning for the weekend due to the lack of hedging positions. I had to spend about $150 to hedge both calls and put side. I late sold about $200 worth of QQQ and AMZN put spreads to cover the cost.
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