Market continued to move up until closing today despite that FOMC is tomorrow. The rate hike of 0.25 point is priced in. Then what's next? The summer rally continues or done with new highs for now? Could we see SPX to test 2460 and 1445 for RUT near term? Let's see how the market react to FED announcement tomorrow. Would it be a trap or a base for a new leg up?
Made 8 trades today. Most of them are small contracts rollovers and exit orders filled. Since the market kept pushing up none of my ITM rollover and hedges got filled. I got 9 positions including BABA and TSLA to roll out. The latest up swing really squeezed me hard.
Net liq lost 5.2K with both SPX and RUT closing up 0.5%. I had to wire in 10K to raise the fund level. I may have to do another 10K if we get another break out tomorrow or Friday. Margin ratio is OK for now. I have next two days to build it. Also need to watch out the put side since there will be 9 long puts expiring this weekend.
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