Wednesday, June 21, 2017

Choppy Market 6-21-17

Indexes opened higher. It appears market got dragged down by crude oil again which dropped more than 2% after CL inventory report with a draw down. North Korea is on the table again after the death of an American student who was detained by NK a year ago. RUT closed down 0.22%  while SPX down 0.02%. It's basically a flat closing. Nothing could scare the market so far until no one is expected.

Made 3 trades today. Closed a RUT put, rolled up a client's RUT put to get more premium for 2 wk out. Got to watch out for potential risk. I also closed a SPX 2475 bear put for a small profit to void risk of run over. No premium was collected for me.

Net liq gained 3K and margin ratio is at 46% for now. Couldn't get any hedging orders filled today. I have one more RUT deep ITM call to roll for this week.

No comments: