Market continued its up swing today with last quarter GDP adjusted to 3% annualized growth. NASDAQ was leading the pack up more than 1%. SPX and RUT gained over 0.5%. They all crossed their recent down trend lines. The shallow August pull back is over.
Made 4 trades today. There are 3 small directional roll ups and one exit, another no premiums day. The directional calls in SPY and IWM may generate some profit. I still don't have a good, consistent directional strategy. I am leaning broken wing butterfly and ratio spreads. Need to hurry up. Have 5 calls to roll out tomorrow and Friday unless we get an unexpected 15-20 point drop in RUT.
Net liq gave back 3.6K on this 0.5% surge. Margin ratio is above 50% before the weekend. I have get more call hedges tomorrow.
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