RUT logged another 1.1% and reached a new high of 1353. It's on fire for a 20% run from the election night low and almost 18% on day sessions only. SPY also closed near the all time high again. Both of them are near testing their top trend line. Let's see how it will react in the no man's land. I suspect that the big guys to get as much as they can before the Fed meeting next week.
Made 6 trades today. Added a RUT Jan 6 Call CS to form a Iron Condor. I don't understand why that was required margin too. I rolled over another RUT 1280 deep ITM up 10 points. I have a total 9 RUT ITM now. That is my worst record. I made couple hedges in RUT and SPY. Also closed 2 RUT puts to reduce the fees. I felt the heat.
Net liq was lowered again to 125K. For however that IB calculates its margin requirement the margin ratio is up to 29% from yesterday's 25%. The initial margin was lowered right at the open. Tomorrow I will continue to rollover this week's positions and buy hedges to reduce margin. The situation is pretty bad but I must fight for it to survive.
No comments:
Post a Comment