Market traded inside last Friday's range slightly toward lower end. RUT closed down 0.62% while SPX only gave back 0.12%. It appears to be a pause from last week's big run up. The trend is still strong. Watched a long term chart analysis from "Short Takes". It suggested to keep an open mind for a large upside potential based on last 20-30 years chart patterns. It make sense. I will continue to try place directional long bets.
Made 9 trades today. Sold late July's bull put in RUT and roll up some hedging calls in SPY and IWM using the profit earned. Sold 4 IWM puts for scalping. I feel I need to use weeklies to generate some income. My SPY and QQQ RR longs are in greens so far. Sold couple of RUT next week ratio puts to reduce the fees.
Net liq is up 10K with 0.62% drop in RUT. Margin ratio is above 50%. I can wait toward end of this week to buy call hedges unless market goes against me quickly.
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