FOMC announced that it was going to reduce its 4.5 trillion dollar balance sheet beginning in Oct. Interest rate was kept the same as expected. Market took a small dip after the news but recovered shortly after it. Only QQQ closed 0.3% lower. RUT marched on and up another notch of 0.35%. Fed is still dovish and predictable. Market has no fear of Fed's policy changes.
Made 9 trades. Sold a bio drug co's options I found through scan. ZGNX has over 400% IV ranking due to expected new drug announcement. Last night's dinner with Gu and Li helped me to continue exploring individual stock options. Rolled couple deep ITM calls with pretty bad losses. The rest of trades were just hedging and extending current positions.
Net liq went down another 3.7K to 113.5K. I may have to wire funds tomorrow if the surge continues. It's living day by day now.
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