None Farm Payroll for July reported 209K v.s 186K expected. It was another big beat and futures popped then fall back before cash open. I placed some orders in small contracts trying to catch a big drive after the report last night. None of them happened. RUT and SPX closed up 0.5% and 0.15% respectively. The effect of the NFP appears less than a big co's earning report. Maybe the bulls are in summer break too.
Made 9 trades today. Sold couple Sept 4 RUT bear calls to make IC 2 for clients but not mine. I only made some hedges and exiting puts. Don't have much to write about.
Net liq is down 2.2K on the 0.5% RUT pop. Margin ratio is at 78% before the expiration. It should be fine for this weekend.
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