Market took a pause waiting for Fed min release today. It appears that a March rate hike is more likely from the Fed min. But bulls are not worried about anything right now. Every dip was met with buyers. RUT couldn't close a small gap from last Friday but only half way into it. SPX and RUT closed down 0.12 and 0.47% respectively. It has been more than 90 days without a 1% down day if I remember correct. Maybe market is waiting for the new tax plan and end of earning session? Then what? It's the late 90's all over again.
Made 10 trades today. Rolled out 4 ITM positions with one ITM SPX left to roll. Collected about $900 premiums, the best for the month. Sold 3 naked puts for a client under the assumption of the bull market won't end before this summer.
Net liq recovered about 5K. Margin ratio and available funds may be OK until this Friday. The post expiry excess is project -3K better than 20K last week. I will buy more hedges in the next 2 days to bring it back to safe level. It's the same struggle every week.
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