Dow went over 22K today with Apple's surge. RUT gave back 1% since almost a month ago. SPX is still hanging up but MACD is about to turn down. VIX is still barely above 10. SPX may want to attempt to challenge 2500 before retreat.
Made 15 trades. Finally rolled SPX deep ITM calls to a week out with a cost of $135 each. I then sold inverted put spreads of 1390 for $125 to recover most of the cost. It's a risky move if the price drop down to the put level. It would be very hard to roll with limited available margin. Couple of my IWM puts were pushed ITM with today's 1% pull back. I had to roll them out. Rolled out couple RUT ITM calls with this p/b and collected some premiums. Also sold tow ratio puts to hedge the down side. Made another price error without - sign in a client's account again. This type of mistake must be stopped. Also sold RUT put spreads of Sept Betty and my accounts.
Net liq recovered 10K for a good change. Margin ratio is above 70%. I have one more RUT 1380 call to roll for this week. I will try to use this pull back to raise my bear call strikes and hopefully exit 1-2 positions during this down turn.
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