RUT continue defy the other indexes pushing into new ATH of 1460. The other indices were chopping inside. I finally had to wire 10K in from ET to defend my net liq and margin. The mistake of selling 1450 CS a month ago is costing me 14K margin which I had to roll up yesterday. The expected announcement of tax reform proposal made cause bigger movement tomorrow.
Made 5 trades, 3 of them were buying ZGNX $1 puts to hedge a possible 70-80% drop with its FDA ruling possible this week. Another bio medic option, AXON I sold dropped 72% from $24 to around $7 today. Luckily my $5 puts didn't move much in price. I placed a GTC order to close for $5 to close it for about 70% of profit. The rest of the orders were closing positions.
Net liq gave up 2K. The grind up continues squeeze my margins. Margin ratio is at 46% for now.
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