Today’s the big day. I am positioned with very little upside risk and about 5% room on the downside via a series of M3s. Though, one of the 1120 M3s are now vega positive and if volatility decreases it’ll sag the T+0 line a bit which will cause me some issues. Nothing too risky at all. I plan to up my risk going into October and have been waiting for the market to settle down. I added a few 1150 M3s today since the volatility is still high and we can get them at a nice cheap price given the time till expiry. Again it’ll handle all upside moves well and has a good 5% to the downside before any issues.<\/p>\n
The RUT has moved up quite substantially in the last few days (up nearly 50 points! which is near 4%-5%). <\/p>\n
5 min to go. Can’t wait for this meeting to be over with and for some normalcy to return to the markets.<\/p>\n
The alpha protector is down on the recent rise as volatility flew out of the long puts. I was somewhat expecting that. As it gets passed 204-205 we’ll see profits return. I rolled up the shorts today from 201 to 203 to give more upside room. <\/p>\n","protected":false},"excerpt":{"rendered":"