The overnight sell off on N.K's missile lunch met with buyers this morning. Major indices didn't get a chance to retest their overnight lows. All majors closed in positive territories. Market is supported by the news of tax reform announcement soon.
Made 6 trades but nothing major. Sold one set of bull put spread for client early in the morning. Market turned up before I could get all the put spread orders in. I was able to roll up couple small contracts for hedges. There is still a danger of geopolitical risk. The US is fairly quiet on NK's missile launch. I have several ITM bear calls must be rolled out for this week. None of them get filled today.
Net liq is in the same range of 150K. Margin ratio is above 50% for now. Market looks ready for another leg up, MACDs are turning up, tax reform may provide a boost, funds need to window dress on month end.
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