Market took a day to rest awaiting for big techs' earning reports and tomorrow's 1st quarter GDP number. Both SPX and RUT closed flat while NASDAQ hit a new ATH again. It's a late 1990s all over again. Human nature never changes. After hours earning reports from AMZN, GOOG and INTL are better than expected. We may see another trending up day tomorrow if GDP doesn't disappoint the market.
Made 11 trades across board. Two out of three of my ITM RUTs rolled out with some nice premiums. Thanks to the hedged calls with gains to help out the roll. I closed my first TSLA strangle for a 50% of profit and released margin back. Took out couple bear call spreads for clients to reduce risk. Made couple RR in IWM to hedge calls. One lesson learnt that I need to be more aggressive to roll my ITM positions when market is in my favor. I rolled many of them in March but let them loose in early and mid April in hopes of getting more. The two RUT I rolled today have nice gains a week ago but turned into loses today.
Net liq took a breather today. Margin went to put side. Margin ratio is fair for now. I will add couple more hedges tomorrow for next week.
No comments:
Post a Comment