Friday, September 8, 2017

Bulls Are Weak 9-8-17

Indices tried to push higher initially but stayed flat or lower led by NASDAQ. QQQ closed down 0.8%. RUT and SPX are barely above and below water line respectively. NASDAQ is in retreat after made its ATH while SPX has not made a new high. It may try to break out or form a lower high if falling from here.

Made 9 trades today. Sold QQQ bull puts in three accounts earlier. Rolled up the ITM RUT 1390 to 1395 and collected $280. Bought some hedges in RUT and SPX for this weekend and next week. No other large contracts were traded.

Net liq retreated 1.8K. Margin ratio is above 50%. It was a better week in terms of premium collection.


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