Friday, July 28, 2017

A Mid Day Reversal 7-27-17

Index futures made new ATHs before cash open. RUT closed a prior day's gap then bounced like a clock work. Around mid day market reversed to the down side without any major news. RUT was down 1% at one point and closed -0.6%. SPY recovered most of losses and only ended -0.1%. Then AMZN reported a miss of -70% earnings after hour. I was a big surprise for me. I was planing to buy it a 1.5% down but it ended down 3%.

Made 14 trades. Rolled 5 ITM calls across board and collected some funds except the one in ET. Have one more in ET to roll tomorrow and couple for next Monday. Glad to rolled couple IWM hedges to next two weeks before the mid day reversal. This circle of up swing may be ending base on MACD and slowing down of earnings.

Net liq got another boost of 6K. Margin ratio is above 70% so far. It looks fine for this weekend. Margin is on put side now.

No comments: