2023-05-02 Big MTM Loss on the Massive Up Move Loss -15k
Big MTM Loss on the Massive Up Move
- At one point MTM Loss was over -23K 😨.
Market could correct tomorrow
- tomorrow night FOMC meting is there.
- I tried to push 18100 CE to 18200 CE but decided to close this weeks position at around -7k loss if I get opportunity.
- Currently hopeful but the situation is tense as there is massive one side move.
- The momentum should push it up, but rational says it has to correct tomorrow.
Update
- Bought Full hedge on the upside 18300 CE.