Buyers were persistence today. RUT pushed into the gap zone left from the sell off of last Wednesday. There were several attempts of pushing it down but all met with buyers. It closed up 0.28%. SPX closed its gap and fully recovered from the sell off of last Wednesday. It may start another leg up before or after the Memorial weekend if no decisive push down from here.
Made 4 trades today. No premiums were collected. I only had hedges on both call and puts. It's frustrating with a single strategy when it's not the right fit.
Net liq eroded 3K. Margin ratio is at 37%. I need to get more call hedges in the next two days. I will try to get a little more cushions for this long weekend.
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