Market shrug off NK's missal and WH chaos. Dow made a new high, S&P held flat and RUT down 0.3%. July turned out to be a good month for bulls. The up trend may continue to early August, at least. Earnings is still the main driving force.
Made 6 trades today. Sold another AMZN put for a client as it dropped another 3% to my surprise. I made IWM and QQQ rollovers to extend hedges. Sold a set of RUT bull put in ET to make a IC 2 but it was inverted at 1360P v.s. 1310C. It could be dangers if RUT suddenly drop to or below 1360. It will require a big margin to rollover the position.
Net liq recovered 4K. Any recover is better than loss. Margin is above 50% but will drop after the month end expiry. I will continue to buy hedges tomorrow.
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