Trading Note Ending 4-22-2016

Market seems to start forming another top, but lacks downside momentum this week.

Long position gained in general this week, as well as front legs of bearish spreads.  Unrealized small loss incurred in the second legs of bearish speard, with options to rollover into May.

Overall account still gains moderately in the last 7 days despite of bearish biased, thanks to risk control and large cash position (85% cash).

 

 

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