Market got a relief from North Korean tension since nothing happened over this Easter long weekend. Indexes pushed up through out the session and closed at high of the day. SPX and RUT were up 1.14 and 0.98% respectively. RUT/TF made a bullish engulfing following last Wednesday's bearish engulfing daily bar. I have noticed that this pattern don't play out well. It often gets reversed in short term. Both SPX and RUT are staying in their current balance area after the attempts of breaking down from last week. I guess the beginning of earning season provide bullish sentiment to the market. Indexes may test higher sides of their balance areas from here with some bumps along the way.
Made 8 trades today. Sold 4 bear call spreads of late May for clients. I still don't have much room to sell on call side despite reduced one RUT bear call position last week. The other 4 were closing positions in put side. I didn't collect any premiums today.
Net liq gave back 9K closed with 155K. That closed bear call helped to reduce pressure to the upside. Margin ratio is at 30%. I will start to buy hedge calls tomorrow.
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