Friday, May 12, 2017

A Short Lived Pull Back 5-11-17

Indexes opened with a small gap down. The pull back continued for couple of hours into the RTH. RUT was down -1.3% to retest last week's low of 1380 then met with buyers. It closed down 0.68% recovering a half of it while SPX closed with -0.21%. MACD for RUT is right at crossing down point and the price is sit right on top of its prior balance area. It could go either way into the weekend and next week for the monthly expiration.

Made 8 trades today. Finally had a chance to sell some bull puts of late June in both SPX and RUT. Also sold June 3 TSLA puts to make strangles. The rest of trades were exit orders. I will buy calls to hedge for the weekend tomorrow.

Net liq gained 8.7K back. Margin ratio is above 50% for now.


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