Market followed through the small sell off of last Friday before closing. RUT is the weakest one, -1.2% among the majors. SPX recovered most of its 0.6% loss. Buyers are still active in every dip. Indexes may stay within their current range until the Job report this Friday. Fed Minute release is on the Wednesday.
Made 12 trades today. Sold some RUT Mid May put spreads for clients. I sold one May 2 as well. Closed couple positions and used ratio hedge to add a little more protection to my RUT put side. I also sold 2 RUT May 12 in ETP account for the first time in about 2 months. I rolled 2 more RUT late April ITM puts to May and locked in some profits.
Net liq got a 12K relief on today's RUT 1.2% drop. Margin ratio is healthy for now. Margin is still on the call side. I will try to use this p/b and range bound to add hedges on both sides.
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