Globe stock market rallied overnight on ECB Droedi's comments of possible further stimulus. CL led the pack with 5.8% surge. Japan also closed up 5%. ES was up 1.4% before RTH. US indices closed up 2%. It looks like this rally has more room to the upside similar to Oct 2014 and August 2015. Of course an retest of current low is possible.
I rolled my SPY 191 puts to Feb 1, 185 and collected some premiums. Also sold call spreads in RUT and SPX on this push up. I still have more IC to make in my other accounts. I have learned to be more patience and not to chase the trade. A closed SPY call set released some margin as well.
Risk factors have improved further. Net liq increased 14K to 186K. Leverage is down to 41 but VAR and ES went up slightly. I still don't understand how the figures are calculated. My margin to net liq is at 36%. I should be able to bring it to 50% next week.
I will review my weekly performance tomorrow.
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