Market moved up after closing down last Friday. Major indexes closed up 1% for April. SPX was the only one didn't make a ATH last month. It's holding a bull flag pattern right now. Maybe the earning reports of AAPL and FB this week will make it run up. RUT fall off its new high and gave back 1.2% last Friday. It closed back to last Feb's balance area. It went up 0.5% on a retrace attempt. Let's see if the retest of b/o area will bring sellers back.
Made 5 trades today. 3 put exit orders were filled plus couple of RR hedges. No premiums was collected. VIX closed a new low of 10.11. Last time it happened was in 2007 before the big financial storm. Is it any indication of a VIX jump?
Net liq got hit by 8K, giving back a large portion of last Friday's gain. It may only stand for about 2% more gain of RUT and SPX before I have to make another wire transfer. Margin ratio is OK for now. I will try to be more aggressive in rolling up my ITM positions for May.
No comments:
Post a Comment