It appeared to be a recovery day for the indexes in the morning session. Price actions showed some strength. Then, sellers hit the market in early afternoon. RUT and SPX went into negative territory with 0.6-0.4% ranges. Buyers stepped in during the last hour closed SPX up +0.1%. RUT lost 0.44% but TF recovered more after cash closing. It was a two ways market today. Better than one way market before. Trades were positioning for tomorrow's NFP report. Market believes it would influence Fed's rate decision next week.
Made 8 trades today. Some of my bull put CS orders for late April were filled for my clients. I also rolled up two more ITM bear calls. I didn't get much hedging on the put side. Margin is still on put side. I expect some put positions get closed tomorrow. I will raise price to exit couple put for next week if nothing gets filled until early afternoon.
Net liq recovered a little more. I have gained up 40-50 points with this week's rollover and locked in $5-6K profit. Margin ratio dropped below 30% due to the lack of put side hedging. I will work on it tomorrow.
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