All US major indexes made another new high today. A early push down in SPX was met with buyers again. It's a relentless bull market. The squeeze made me realize that I could face a net liq draw down to below portfolio margin requirement issue. I may be forced to liquidate some of my bear call positions to meet the requirement. With another 1% surge in RUT and IWM my net liq is down another 9K to 123K. Simply hedging margin wouldn't bring net liq up. I set 110K as my line in the sand. I will have to buy back positions to reduce my risk.
Made 13 trades. I took a big hit on realized losses although collected premiums during the rollover process. I need to get couple bear calls off my book. There are 11 RUT, 3 IWM, 5 SPY and 1 SPX calls ITM as of today. It's a matter of survival again.
Risk profile is on alert now. Net liq was discussed above. Margin ratio is dropped below 40%. Tomorrow will be a tough day if the market continue to push up. I will try to roll out more positions and looking for ways to reduce my side even if it's temporarily.
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