My anticipation for today's market action was up. Instead SPX, RUT and NDX reversed overnight gains in the early session. Especially NDX made a new high and fall back hard in the morning. RUT was down near 1%, reached the breaking point of last Wednesday. Then buyers stepped in to recover most of the lost at closing. The retest appears completed. SPX held up without attempting of any retest.
Made 14 trades today. My exit order for RUT 1390 was filled early. It was the 2nd relief for the last six month if I remember correctly. Sold some bull puts CS for July in both SPX and RUT during the morning pull back. I leg into QQQ with a July RR for a directional biased position. TSLA continues to make new highs. My strangle didn't get filled.
Net liq stayed about the same. I paid another 5K back to ET after exited the RUT 1390 bear call. Margin ratio is still above 50% but margin shifted to put side now. We may see a steady move up in early June after today's strong recovery. Bulls are still alive and well.
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