Wednesday, May 24, 2017

5th Up Day 5-24-17

Indexes inched up on this 5th day in a row. SPX is fully recovered from last Wednesday's sell off closing up 0.24% while RUT had an inside day up 0.11%. It parked on top of its current balance area of 1385-1340. Fed minutes release announced a plan to reduce its 4 trillion balance sheet. It didn't cause much of market reaction. SPX is only a few point away from another new ATH. Would they do it tomorrow and leave with a record before the Memorial Day weekend? It's likely.

Made 7 trades today. I made 3 rollovers of ITM calls for this week and month end because we are leaving for DC on this Friday. I have a 1380 RUT ATM in IB personal account to roll by tomorrow. I won't be able to take a chance to watch it expire on Friday.

Net liq had a $700 gain surprisingly with the indexes up. None of my hedging calls get filled except an IWM RR. I will have to try again tomorrow. Margin ratio is up to 46%.

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