US market gaped up with European market hold up and good earning reports. By mid morning crude oil inventory report tanked energy market and dragged down SPX. IBM also held Dow Index lower. SPX closed in negative territory and RUT gave back more than a half of its gains and up only 0.4%. Tomorrow is monthly option expiration day. We could see a push up early and choppy in the afternoon.
Made 5 trades today. Sold couple RUT bear call spreads for clients in the morning. Also sold Tesla bear calls to make strangles as it popped up 1.5% after a recent pull back. Not much else I could do in up days. Experiencing lost time and opportunities.
Net liq still in its safe zone despite another 3.8K pull back. Margin ratio is fine for now. I need to roll a RUT 1360 in IB personal acct tomorrow.
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