Bulls continue making new highs with Walmart and Hope Depot reported better earnings this morning. My draw down has no relief insight. There were some selling activities later this morning but bulls stepped in and closed near high of the day. I need to seriously look for a way to reduce my ITM positions. I haven't seen any sign of exhaustion on the bull side.
Made 7 trades today. Closed some puts and rolled SPY ITM 235 calls to extend the time for hedging. Tried to sell more bear calls for clients but no fill. Collected a small premium. The draw down is not only in the unrealized losses but also in the lost opportunities to collect premiums.
Net liq falls into danger zone again. There is barely 10K cushion left after a near 10K reduction today. Margin ratio and available funds are low after last week's expiration. I may have to wire another 10K in again tomorrow.
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