As I was planning to wire additional 10K fund to shore off net liq by noon RUT opened lower. It couldn't close the gap above during the 1st hour of trading. The pattern of early drop and late pop didn't play out today. It closed down 1.5% for the 1st time in weeks. Although it's still inside its balance area any sign of weakness is a help for me. The other major indexes didn't drop much today. RUT tends to lead the market. Hope it's the same case this time. I will see what how the market react to Mr. Trump's speech tonight. So far the futures markets only up 0.3%. There was still no clear tax plan been laid out. We may see 1-2 days of pull back.
Made 22 trades today. I was actively hedging both sides and rolling my ITM calls to take advantage of this pull back. The rolled up calls will reduce my net liq requirement dollar by dollar until I can take them out one by one. Margin is switched to put side now. Sold some late March and April puts across accounts.
Net liq got a 20K relief today. Margin ratio and available funds recovered for now. The prediction is a short fall of 9K excess funds after this week's expiration. I will fix it in next couple of days. The pull back today is a much needed relief.
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