This is a shortened week due to the market closing on Easter Friday. SPX closed flat from last week with a buying tail. Sellers could press it down, unlike RUT. It closed down about 1.5% for the week. MACD is showing weakness on daily. The current runup may be over or need some retreat. The earnings session is positive overall but hasn't produced much excitement. Something is going to break one way or another.
My results are mixed for this week. I was able to exit all of my SPX long puts since it didn't move much. When RUT failed to close above 1590 I had to roll out my 1590 and 1565 long puts to next week. I still have a couple of RUT long puts around 1600 for the next 2 weeks. RUT may be falling out of its current balance area which will give relief to my short calls but add pressure on my long put. I may test to see if I can switch positions between SPX and RUT. I have too many positions in RUT.
Net Liq is closed above 130K. It increased about 10K this week, mostly from QCOM's near 20% pop on its agreement with Apple. Net option values didn't change much. Leverage is near 4.6. I should be more creative and aggressively to reduce my leverages while the market is calm. It will be tough to get more funds when the next storm comes.
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