Bulls took SPX and RUT one step up, ranging from +0.93 to 0.61%. RUT made ATH of 1415.55, took out the prior high of 1414.82 today. SPX appears will make an ATH soon. The tax reform announcement tomorrow could be the catalyst. I am not sure if it will be another buy the rumor, sell on the news event. But the earning season may hold the market up for a while. NASDAQ is above 6000 now.
Made 4 trades. Closed two bear calls at 60% profit for clients and made two small hedges in SPY and IWM for me. No premiums collected. It's a tough environment. Glad I have been holding off selling bear calls for the last two days. I may leg in tomorrow after the reaction of tax reform is clear.
Net liq lost another 12.5K today. I may have to wire money back to fend off the siege if there is another 10K squeeze. I need to think of a plan if this leg has energy to move up and hold.
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