Market continued to move up as the final GDP P/P was 0.1% better than expected despite that unemployment claims were 14K more than expected. Market continued to advance with window dressing for the first quarter. RUT and SPX closed up 0.75 and 0.29% respectively. It may be a little more volatile as the month and quarter end.
Made 6 trades. Sold couple May CS bear call spots for clients. I made couple RR in RUT to hedge my call side and closed 2 put positions. I need to roll 2 ITM RUT calls tomorrow. Also continue to hedge calls for next 1-2 weeks.
Net liq suffered 7.4K, the largest for this week so far. Margin ratio is back above safe levels for now. I am getting frustrated for not been able to collect premiums on such move up period. I have to continue to defend my ITM bear calls with this up trending market.
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