Thursday, July 14, 2016

Bulls Take A Breath 7-13-16

Market stayed up but within a half of one percent range. Fed Beige Book didn't produce much of reactions. Based on previous experience I would guess there will be another push higher at least before noon time as tomorrow is options monthly expiration day.

I rolled over  SPX 2120 and 2125 calls which were ITM. There are 3 RUT DITM calls didn't get filled. I will have to get it done tomorrow. It's going to be a tough and busy day tomorrow. I have couple calls near the money. I made eight trades today. I spent about 50% of the collected premiums ($420) to buy calls

Risk factors improved somewhat due to purchase of calls. Margin is at 35% up from 14% yesterday. I repeat the same mistake from January.

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