There were FOMC and NFP this week alone with ER in full swings. The majors sold off after the FOMC's news conference. I can't believe that many people expected the FED to lower the interest rate. The NFP job report today was much better than estimated (263K v.s. 190K). SPX recovered the loss of Wed and made another ATH. RUT gained almost 2% and closed above 1600 for the first time this yr. Bulls are strong. Many people are fearful of missing out.
My portfolio recovered about 6K this week. I was heavy in long puts. Five out of six of my long puts were exited and one was rolled to next Monday. That gives me more room to add long puts next week. The price of it was that my short calls are further under water now. I have to work with what's present now.
Net liq is at 128K, slightly lower than last week. I didn't collect premiums after spending on hedges. Leverage is at 473. The progress is very slow. The two RUT 1100 short calls are 30% under water. There is no way to release them under my current method. I may have to use a different asset to replace them.
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