This week ended lower for SPX while RUT gained a little. On daily, the majors swung up and down wildly. The main event affecting the market was the stimulus talk. A deal hasn't been made as of this Friday night. The majors are holding their bull flag on the weekly charts. VIX is at 29. Don't know how the election would affect the market. It may very much depend on if there is a clear winner.
I have reduced my long puts by one for SPX and RUT and made them closer to the money in case the market drops after the election. If it pops I will have to reverse a short call in my IB acct. I am still struggling with the failed stop loss from last week in ET. The three long puts weathered this week's wild swings. Another hard lesson learned. It's harder than I expected to change my old, bad trading habit. It may take me a few more weeks to get out of the long puts in ET. The one in FI was expired worthless today.
The net liq in IB is down to 111K and the leverage is at 362. I spent about $8K to roll 2 deep ITM short calls this week. I have entered about $700 SPY and IWN long put spreads to hedge the election. I may add more to both sides next week. I am also thinking about buying some VIX ETNs. But I don't have a good record of trading such products. I have some of them underwater spread in my accounts.
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