As I woke up this morning futures were up 0.2-.0.4% I thought it was a day to follow through to the upside. I didn't expect that sellers continued to push market down after gap closing. RUT and SPX were down 1.3% and 0.9% on later day and only recovered some before closing. I am not sure if it was the starting of tax selling or a pull back before window dressing at the year end. The price action will tell us more tomorrow. Anyway it was a big, welcome relief for me. I got about 14K recover for my net liq, plus sold several puts for premiums.
Made 14 trades across the board. Reduced one SPY bear call, sold some put credit spreads and bought couple put ratio hedges. I also rolled over couple bear calls to lock in some profit.
Risk profile looks much better today. Net liq is up 14K. Margin ratio is at 71% using the new method of comparison. I collected 1.6K premiums in four of my accounts. If I can reduce one more big contract on call side then I will be able to start to pay back the loans from ET accounts. Be patience and stay disciplined for the next two days.
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