As the North Korean tensions eased over the weekend market jumped from European to the US. All major indexes gaped up on cash open and continued to grind up without any attempts to close the gaps below. SPX and RUT closed on highs of the day, up 1-1.5% respectively. The momentum is strong. I will plan to get back to directional play again and get on the train early.
Made 8 trades today. Three are exit orders filled. Sold some IC 2s of late Sept for clients. I saved some bullets for tomorrow. Need to beware that this rally could be an retest of the break out area before sellers come out again. Geopolitical risk is still present.
Net liq gave back 2K on this 1% pop thanks to the bull puts last week. The delta neutral trading make more sense to me now. I start to learn Butterfly and its variations.
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