All major indices made new ATHs today including RUT. After a long time of consolidation this break out may have energy to establish a new trading range if current levels held. SPX had stronger price action than RUT. SPX gained 0.52% while RUT gave back 2/3 of gains, closing up 0.22%. It was a clear rejection on RUT's first break out attempt. Let's see if it will go back and hold its high.
It was a tough day for me. I had to wire 15k from ET to shore off my net liq as it fall below 110K mark. Luckily RUT fall back after made its new high. Made 4 trades today. Three hedges and one SPX March 5 bear call CS for a client. Made a price error again. Futures are pulling back a little more than usually. It has been the pattern of falling at night and raising in the day. One day it won't recover from the overnight fall.
Risk profile worsened after weekend expiration. I didn't get to buy calls today as they were all going up. I have the rest of the week to hedge the call side waiting for them to decay further.
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