My suspicion about market reaction for the tax proposal was partially realized. RUT popped 2% couple hours after the tax reform proposal was released. No any other indexes had such strong reaction, SPX and QQQ were up 0.4% and 0.85% respectively. Maybe because the later already made new ATH and on their way back. It could be also indicating that RUT is leading the market again. RUT hit me the hardest today. Couple of hedged calls in RUT and IWM went into the money. I used ratio rollover the extend my hedge which eased the blow somewhat. There may be a follow through in the next couple days considering its the month and quarter end. Big money may do some window dressing.
Made 14 trades. Most of them were rolling calls to extend hedges and getting away from ITM IWM calls. Also bought couple ZGNX $1-2 puts to make them CS just in case the announcement coming with bad news. A half of the assigned SPY was exited pre market.
Net liq got knocked down 18K. It closed below the 100K marker. I will have to wire funds in gain tomorrow. Margin ratio is at 40%. Leverage is up to 236, near the highest level I have recorded. I am back in the survival mode again.
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