The majors stayed in a new range after the selloff last Friday. They didn't go lower as I expected. S&P actually recovered most of the loss after breaking out recent high today. The rate inversion didn't scare the market. The new round of the trade talk boosted people's hope. The Fed is backing the bulls.
The range bound market helped my portfolio. I was able to exit out five of my long puts and reversed an SPX short call to long put. The Clients' long puts of the week were exited out as well. The majors are expected to break out their current ranges soon. It's likely to the upside if the trade talk produces a positive result.
Net liq improved slightly to 120K before the 1.5K auto transfer to BOA. Leverage is still hanging around 5. Delta is on the negative side of it. Options value at -428K. I will be able to add a couple of long puts next week after today's exits. But I have to be strict about increasing side on rolling positions. I still don't have a good solution to drastically deleverage my portfolio.
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