Friday, May 12, 2017

Another Small Down Day 5-12-17

It was an inside small down day for SPX and RUT. RUT closed down 0.5%, still siting on top of prior balance area. SPX is -0.12%, parked on 2390. It won't give up testing above 2400 for next week.

Made 5 trades. Bought 2 RUT OTM calls for next week and margin is on the put side now. Rolled one ITM 1340 call out and sold a late June RUT put spread for a client. Nothing to write home about it. Market has been marking time for its next move.

Net liq is back above 150K with today's 5.6K gain. Margin ratio is safe for this weekend and early next week. I tried to split 1370 call to 1390 and 1400 in an attempt to make one go out quicker but didn't get fill. Will make another try next week.

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