Fed Minute release didn't cause much market reaction this time. It didn't give any time table for when it may unwind its over 4 trilling balance sheet. I am not sure if we will see any follow through actions tomorrow after market digest the contents of the minute. The earning session is upon us again. That may be the reason that market is still holding up regardless other external risk factors. NASDAQ closed up 1% while SPX only gained 0.2% and RUT lost 0.4%.
Made 3 trades only. No premiums were collected. TSLA had a big sell off, down 7.8 %. I sold July monthly puts for a client when it was down around 6%. I should have waited for a confirmation of oversold or level of support. I also placed a put spread order for me but didn't get filled.
Net liq recovered 3.8K, up to 134K. It may still not enough cushion if market break out to new highs. Margin ratio is above 60% after I bought a RUT hedging call for next week. Have couple of ITM calls to roll for this shortened week.
No comments:
Post a Comment