Market took a breather after the new highs of yesterday. SPX and RUT closed flat after exploring both sides. Earnings continue to roll out. Tomorrow is monthly stock option expiry day after today's index expiration. I expect bulls will hold the market up for most of the day and possibly driving to new highs before let the gas paddle go.
Made 16 trades today. Most of them were hedges to bring my margin up to safe level on this expiry day. I made it with many small contracts. I rolled the two deep ITM positions in ET with $30 debits for each contracts and expanded margin. It was a stressful task. Had to close several near expiring puts to reduce excess fees too.
Net liq up merely $700. Margin ratio is back above 50%. I can add more hedges if the prediction for the weekend expiry changes but so far it looks fine. I would consider to bring more income for the hedging activity instead of just cover my expenses.
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