Indexes gave back most gains overnight on cash open. SPX and QQQ closed flat while RUT down 0.8% to the edge of yesterday's gap. Bulls held well over all. There are many gaps below for SPX and NQ not being able to fill. Nothing could deter the bulls so far with political drama continues.
Made 4 trades today. Tried to hedge the put side but couldn't get anything fill because there is no fear. I made RUT IC 2 in ET and rolled out a set of QQQ calls to next week expecting a continued push up. It was a lite day since I had to take June to airport for Ecuador early afternoon.
Net liq gained 6.7K while margin is still on put side. Margin ratio is above 50%. I realized that I need to be aware of the impact of a black swan event. Base on IB's Portfolio Risk analyses that my available margin may not stand for a 10% sudden drop. I also need to look at my clients' risk profile as well. Need to learn and use new hedge strategies.
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