US Market opened High yesterday as expected, but sell down is strong. LVS 's selldown speed is out of my expectations, but due to the margin call's due date, i have to do something to reduce the negative buying power on my acct before Brokerage takes the action on my behalf.
So the decision is made to close $13 strike at a loss, thou it can be a profitable expiry if it was left to expire. Learn something abt using 'Spare' leverage onhand can hinder my main course of action/intention.
By closing $13 isnt sufficient, i still have negative buying power, so i need to close aditional positions, considering the Cash Power must be enough to be exercised for my $17 strike, so i closed part of my $15 position. This took away part my 'profits/income', thou if left to expiry would also provides me a profitable expiry.
I am still left with 66lots of $17 position, same choices onhand as stated on my earlier posting. With Buying Power in the Green now, i've avoided the Margin Call at the expenses of some Profitable Expiry Positions.
Adjustments was done with logical considerations, my feelings are been noticed as i go through my test.
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