Indices held up but within a very narrow range. Both SPX and RUT closed within 0.15%. What are they waiting for? SPX is staying on its range top, watching for that 2500 number. RUT is at the bottom of its range, start turning up. Both DOW and NASDAQ are stronger. Bulls are firmly in charge.
Made 8 trades today. Rolled 2 calls up, one SPY call for b/e, the rest of them are exit orders. I debated if I should split my RUT ITM 1390 into two 1410 for this week and next week. The purpose is to exit one call within this two weeks. But it will increase my margin burden and reduce available funds. I decided to wait since RUT is turning up from the bottom of BB and above 1410. There is not a lot to do with this type of market.
Net liq moves in a small ranges as well. Margin ratio is above 50%. Margin switched back to call side. I will wait toward to the late part of the week to add call hedges.
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