The majors closed up sharply this week. SPX and RUT are up 4% and 5% respectively with over 3% pop today. Both of them reached their Fib 38.2% retracement from ATH. The recovery may still have room to go up to the 50% RT. It was still wild price actions. Daily movements of 1-3% were normal with VIX between 30-22.
My trades were mainly reacting to the market movement. I have been tracking my options positions and their delta daily. Try to keep them balanced. Hedging the positions is still very costly.
My portfolios are somewhat stabilized. Net liq is 117K. The margin ratio is barely above 30%. The leverage is below 5. There was only one RUT put off the list. The short calls are under pressure with recent recovery. My focus should continue on limit positions and reduce risk.
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