Market held up in range after the Memorial weekend. RUT closed down -0.77% while SPX is only down -0.12% staying in its new balance area 2410-ish. The longer it stays up here it's more likely it will push higher. RUT is back into 1380-1345 balance area for now. But its MACD is near turning up. It could be an retest of last Wednesday's drop and quick turn.
Made 14 trades today. Sold some mid July's put spreads during the down turn of RUT. I also rolled the last two of RUT 5-31 ITM bear calls and collected $340 premiums. Bought hedges in IWM and RUT. Tesla has been acting strong adding near 3% with another new high. I put back June 400 bear calls for a client with the new high at 335. There is still 17% cushion for 3 weeks. I may leg in another set for me tomorrow.
Net liq added 7.2K back with a 0.77% RUT p/b. Margin ratio is above 50% for now. I don't expect RUT will go down much further. But I do have enough room to pay 5K back to ET. It's likely there will be another RUT bear call exiting out before end of this week.
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