Wednesday, August 16, 2017

Political Drama Held Indices 8-16-17

US indices grind up until a roll of CEOs quitting the White House's Manufacturing Council and the President dissolved the council all together. Fed minutes release at 2pm also waited on the market. Major indices bave back most of their gains of the day at close. Market may not let the price go down much before the monthly options expire this week.

Made only three trades today as the ranges were small. Sold AAPL Sept bull puts for a client and bought a RUT call to hedge my portfolio. It was boring and frustrating day as I tried so many ways to roll the SPX 2310 call. It couldn't get filled. I have to do it tomorrow.

Net liq merely changed. No premiums were collected. Margin ratio is below 40% and stayed on put side. I will have to bring it up before end of tomorrow.

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