Market opened lower this morning nerves about Yellen's testimony in Congress. Her statement was a little more hawkish on raising rates. Then bank and financial sectors reacted positively. Market recovered its early losses and rally up until closing. All majors made another ATH, RUT is slightly behind up 0.3%. My hope of a little breath room vanished. It's likely RUT will make another new high this week to catch up with other majors. I am preparing more funds to shore off any further margin pressure. There is no any weakness showing right now.
Made 4 trades today. Rolled out my SPY weekly to void assignment. Most of my hedge orders didn't get filled except a small SPY. Sold another set of SPX Mar 5 bear call CS for client. Get to watch the upside risk in case the market continue melt up.
Net liq lost 6.3K today. I may be able to stand for for another 0.5-1% surge up with 18K cushion. Margin is predicting a deficit of 20K after expiry. I have to work hard to buy 8 RUT calls or more hedges tomorrow. It has been a tough 3 month for me. I am hanging on it right now.
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