Indexes gaped up following the recovery of last Friday. I wasn't expecting S&P and DJ making new highs in such easy way. But they did. SPX closed at 2453 into my projected range of 2450-2460. RUT also raised 0.8% closing at 1417, not too far from my projection of 1430 to 1445. So far market hasn't shown any weakness into the summer. We may see a real summer rally.
Made 4 trades today. Sold 3 bear calls for clients. I only had a put closing order filled. Tried to roll some hedging calls in SPY and IWM to extend margin coverage but no fills.
Net liq lost 5.2K, down to 134K. Margin ratios are lowered after the weekend expiry. I am trying to wait into the week to buy hedged calls for better prices. I am waiting for any pull back to roll my ITM positions of this week.
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