Monday, June 26, 2017

Monday Fade 6-26-17

Indexes gaped up at open. They continued to move up until until an economic data release. Then everything is falling off. SPX erased all of its gains and RUT was -0.4% at one point. Buyers stepped in after the initial sell off. Both indices closed with minimal gains. It's still a bull's market.

Made 8 trades. Still no premiums collected in this choppy market. Rolled up SPY and IWM hedges to extend margin and closed some puts to reduce fees. Bought GLD and XLV for short term trading. It's testing one's patience.

Neg liq recovered most losses at closing. Margin ratio is at 47%. My directional play in these small contracts haven't played out lately. I will continue to look for new methods.

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